In addition to the importance of the Sustainable Development Goals a(SDGs), this post will discuss an available linkage document between the SDGs and the Global Reporting Initiative (GRI) Standards. The Sustainable Development Goals, also known as the Global Goals or SDGs, are the cornerstone for assessing the progress of the 2030 Agenda for Sustainable Development. […]
The Importance of SDG Reporting and Reporting Linkages Read More »
How did TCFD get its start? In 2015, the G20 Finance Ministers and Central Bank Governors requested that the Financial Stability Board (FSB) create a task force to recommend climate related risks disclosures. Why was this request so important? The creation of TCFD by the FSB illustrated the direct connection of climate risks to global
Taskforce on Climate-related Financial Disclosures (TCFD): Why it is important! Read More »
The European Sustainability Reporting Standards (ESRS) ESRS 2 General Disclosures require companies to report on their value chains. What is required? The undertaking shall disclose the elements of its strategy that relate to or impact sustainability matters, its business model and its value chain. ESRS, Strategy Disclosure Requirement SBM-1 – Strategy, business model and value
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Financial materiality is the second half of double materiality. What is it? Financial materiality involves identifying information that is considered material for primary users of general-purpose financial reports in making decisions relating to providing resources to the entity. Information is deemed financially material “…if omitting, misstating or obscuring that information could reasonably be expected to
Aspects of European Sustainability Reporting Standards (ESRS) – Continued Read More »
As part of its climate change project, GRI has issued an exposure draft to review changes to its topical standard GRI 302: Energy 2016. The review and public comment period ends February 29, 2024. According to GRI, the objectives of the revised energy-related disclosures will enable an organization to disclose publicly its most significant impacts
New GRI Energy Standard Proposal Read More »
On 25 January 2024, GRI published a new topic standard GRI 101: Biodiversity 2024, which replaces GRI 304: Biodiversity 2016. One might ask why the numbering of the standard changed after the revision. Good question! According to the GRI FAQs, The number of the Standard has been changed as a result of the 2021 update
New GRI Standard Update! Read More »