José Luis Blasco Vázquez, Partner in charge of Climate Change and Sustainability Services at KPMG for EMA region, said: “today a significant percentage of the hundred largest asset managers in the world take into account non-financial criteria when building investment portfolios. Markets need this information to be as robust and comparable as financial information, allowing investors to determine whether companies are ready to face the business challenges of the 21st century. We may be witnessing the most important transformation with respect to corporate transparency and disclosure that companies have had to face in recent decades.”
The new database aims to make more data from sustainability reports publicly available, at the same time offering greater exposure for reporters. New features will include company case studies and an Indicator benchmarking mechanism that will help stakeholders compare the transparency of different organizations by Indicator.
Developing the new database and running the current Reports List would not be possible without the continuous help of GRI’s Data Partners
. GRI now has 20 Data Partners from six continents, the most recent additions being TAISE (Taiwan Province, China) and the Governance and Accountability Institute ( USA).
The reporting data received from these Partners will populate the new database, ensuring the highest quality information. GRI continuously expands the scope of its data collection to encompass more relevant data points. Recently, GRI started to capture data on organization type and whether a company is listed or not. Next year, a broader data set on external assurance will be made available. To trial the process, GRI has asked the Governance and Accountability Institute to start capturing external assurance data in the USA.