An increasing number of investors, customers and employees are searching for information about how the organisations they work with, or want to work with, are managing risks and generating both short-term and long-term value. Many UK-incorporated companies also need to comply with non-financial reporting legal obligations in the Companies Act 2006.
Why use the Global Reporting Initiative (GRI) Reporting Framework?
The Global Reporting Initiative (GRI) has developed a reporting framework to help organisations generate useful, credible and targeted sustainability reports. The framework has been developing since 1997, with input from 30,000 specialists and the principles are used by 80% of the Global Fortune 250 companies. GRI reporting can provide benefits such as improved risk management, cost savings from reducing resource usage, enhanced stakeholder relationships and product or service innovation. However, there are also costs such as finding the internal or external resources and time required to break down the latest GRI Standards framework of over 300 pages of technical guidance into manageable tasks.
For further information on the benefits and costs associated with sustainability reporting, download this FREE Sustainability Reporting Business Case Guide and Template.
If time and budgetary restraints are the only factors stopping your organisation from generating a valuable sustainability report, then we can offer you a solution.