National Sustainability Reporting Standards Are Emerging In Tandem With International Frameworks

By Author: Agile Advisors
Total Articles: 55
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As a Sustainability Report Consultant in India we see a number of international and local initiatives help businesses report on their sustainability efforts. Some work in specific industries, while others specialise on a single subject, and yet others have a broader perspective however there is one standard which is being used widely and across sectors. The GRI Standards are the most frequently utilised comprehensive sustainability reporting standard in the world being used by all industry segments.

The GRI Standards were created as a unified framework for reporting ESG performance and as a Sustainability Report Consultant in India we can say that it incorporates and integrates itself with other frameworks such as:

· OECD Guidelines

· Principles of the United Nations Global Compact

· Guiding Principles on Business and Human Rights of the United Nations and UNSDGs

GRI is a self-determining worldwide organisation that assists firms and other groups in communicating their influence or impact on major sustainability issues; it is dedicated to improving ...
... and raising the level of ESG reporting globally, GRI offers the world's most reliable and extensively used sustainability reporting standards, allowing organisations and their stakeholders to make better decisions based on non-financial information that matters the most when we talk about sustainable development. As a Sustainability Report Consultant in India we know that thousands of reporters use GRI standards in over 100 countries, GRI provides the world's most trusted and widely used sustainability reporting standards, allowing organisations and their stakeholders to make better decisions based on non-financial information that can be relied upon.

The GRI Standards are open to the public and were created for use by organisations of any size, from any sector, and from any location. In our opinion as a Sustainability Report Consultant in India a sustainability report can be prepared in the following way:

· Reporting information for specific objectives or users in compliance with the Standards, or utilising only selected Standards (or sections of its substance) — for example, reporting climate change implications for investors.

· The GRI Standards were first published in 2016. Some have been amended since then (GRI 303: Water 2018, GRI 403: OHS 2018, GRI 306: Waste 2020), while others have been added (GRI 207: Tax 2019).

We as Sustainability Reporting Consultant in India know that the GRI Standards will be updated on October 5, 2021, with the announcement of the first Sector Standard. In practise, what does the updating of the Universal Standards mean?

More guidance for recognizing material topics greater clarity on the reporting requirements and structure GRI as a provider of the first and only comprehensive global reporting standards that fully reflect the due diligence expectations for sustainability impacts – including those on human rights as set out in authoritative intergovernmental instruments by the UN and GRI as a provider of the first and only comprehensive global reporting standards that fully reflect the due meticulousness expectations for sustainability impacts – including those on human rights as set out in authoritative diplomatic instruments by the UN. In our opinion as a Sustainability Reporting Consultant in India we believe that Human rights are not fully understood by reporting organizations and may be this is a reason why its not widely covered in many sustainability reports.

Agile Advisors launched its operations in 2016 and has since rapidly grown globally. We have offices in UAE, Bahrain and India. Our team brings in a plethora of expertise in sustainability cutting across different sectors.