GRI is supportive of integrated reporting as it develops as an important and necessary innovation of corporate reporting.
GRI advocates for the inclusion of robust sustainability metrics (based on a multi-stakeholder approach) to integrated reporting, in support of its overall vision of a sustainable global economy.
As a pioneer in the development of sustainability reporting over the last two decades and the global standard setter for sustainability disclosures, GRI believes it has a central role to play and a duty to collaborate actively in the further development of integrated reporting.
GRI believes that integrated reporting which incorporates appropriate material sustainability information equally alongside financial information provides reporting organizations with a broad perspective on risk.
Thousands of organizations around the world use the GRI standard to disclose sustainability information, and some are currently experimenting with integrated reporting. To further the development of integrated reporting and actively participate in its evolution, GRI is convening a Corporate Leadership Group on integrated reporting with a group of its Organizational Stakeholders and other companies engaging in sustainability reporting and integrated reporting, to be able to contribute more directly to ongoing dialogue around integrated reporting.
GRI has the most widely used sustainability reporting framework in the world, representing the global standard on sustainability reporting utilized by thousands of companies in over 90 countries.
The aspects and indicators within G4 are an important starting point to ensure that robust sustainability metrics are included in integrated reporting.
As one of its co-conveners, GRI has been involved with the
International Integrated Reporting Council (IIRC) since its inception in 2010.
GRI continues to participate in IIRC’s governance bodies and collaborates on
events where it advocates for a multi-stakeholder approach to integrated
reporting that embeds material sustainability and financial information. GRI
and IIRC signed a new Memorandum of Understanding in March 2015, and a summary
of their current collaboration is below:
GRI and the IIRC working together
GRI and IIRC work together as strategic partners. They share
a vision for the evolution of corporate reporting in which alignment and
clarity of corporate reporting frameworks, standards and requirements drive
consistency and comparability, leading to improved efficiency and effectiveness
in corporate reporting practices. Both organizations recognize the importance
of corporate reporting in promoting sustainable development. GRI and the IIRC
acknowledge the complementarity of their respective roles, on the basis that
sustainability reporting is central to integrated reporting. GRI’s G4 is an
important starting point to ensure that robust sustainability metrics are
included in integrated reports, based on the International <IR>
Framework, where material to value creation over time. Both organizations are
committed to identifying means of alignment with the aim to strengthen
corporate reporting. They will continue to proactively communicate to the
market the role, nature and alignment of each other’s framework, guidelines,
and standards to aid understanding and clarity in the corporate reporting
environment. Through their continuing collaboration, they will aim to express,
where possible, a common voice on relevant aspects of their respective activities
and other matters of mutual interest.