Sustainability is becoming more and more prominent in corporate and organizational reporting, which leads to an increase standardization and implementation of reporting framework. While standards state what organization needs to report, frameworks give guidance on what is relevant and reporting worthy. GRI is the standard for sustainability reporting on a global level. Among largest 250 organizations in the world, over 90% use this standard. Each of frameworks is suitable for different sectors and may suggest different metrics. The ultimate goal is transparency and presentation of company’s beneficial activities to investors.
- There are different frameworks and standards that companies can use to report their sustainability to concerned parties.
- The most common method is the Global Reporting Initiative, which gives a holistic view.
- Read on to learn more about other ways of reporting sustainability and how they work.
“These are sustainability reporting frameworks and standards that organizations voluntarily use to report their company’s sustainability initiatives and metrics.”