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GRI Plans to Make Sustainability Reporting Available in Real Time

GRIThe Global Reporting Initiative plans to expand its scope to advance sustainability reporting and help organizations make more sustainable decisions.

As part of its updated strategy, called GRI: Empowering Sustainable Decisions, GRI says it will collaborate with leading technology companies to explore ways to make sustainability information more accessible, comparable and available in real-time.

GRI says it will prioritize four strategic areas. The first is Enabling Smart Policy to support sustainability reporting and disclosure around the world.

GRI’s second strategic priority is to continue building its global community of More Reporters and Better Reporting. The aim is to encourage more organizations to begin sustainability reporting and for those that already do report, to strive for a better quality. In addition, GRI will work with leading organizations to explore big picture challenges such as the future of sustainability reporting.

The third strategic area is Moving Beyond Reports: GRI wants to ensure decision makers have access to the high quality and reliable information they are increasingly demanding. GRI says that while the sustainability report will remain a valuable output, there is much more value to be captured from the sustainability reporting process.

GRI’s fourth strategic priority is Innovation & Collaboration. GRI’s Standards are a free, open, public good. During this next phase, GRI will leverage technology and big data to enable others to succeed based on its standards.

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