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Our Position On...

The world we live in is undergoing extraordinary change and transparency is becoming increasingly important. Here we share GRI's position on current events. 
 

 The Panama Papers

 

8 April 2016

This week's news about the "Panama Papers" has brought the issues of governance and credibility back to the forefront of the corporate dialogue. As the global standard in sustainability reporting and disclosure in use in over 90 countries worldwide, GRI has sought to promote corporate disclosure on tax payment by country (G4-EC1) since 2006, and we believe transparency in tax payments reflect a company's overall contribution and responsibility to the larger economic and social communities which depend on them. 

GRI applauds the work of the many individuals and organizations around the world who are working to bring this information to light, and will continue to work with our stakeholders and partners which include policymakers to promote the accurate disclosure of corporate tax payments as a critical aspect of corporate governance and sustainability.

 

 The Task Force on Climate-related Financial Disclosures (TCFD)

 

5 April 2016

GRI supports the work of the FSB climate disclosure task force, and we welcome the phase 1 report. Climate change is about more than just carbon and energy, and we are encouraged that financial institutions are becoming more aware of the wide range of risks posed by this pressing global challenge. 

This is an important first step in the process by which the financial sector can become more inclusive and sustainable, and GRI supports the task force in its ambitions. We continue to encourage the TCFD to include the input of all stakeholders in its work, and to leverage existing reporting standards already in use around the world. We also support the TCFD's focus on standardization of the industry around important sustainability risks, such as climate change, as an important step towards a more sustainable economy and world.