Topic Standard Project for the Economic Impact


The world has significantly changed over the last decade since our Economic Impact Standards were first published. While the global economy is starting to recover from the pandemic, the situation remains fragile. Growth is forecasted to be slow and, with high interest rates, rising debt levels, and pressure on global trade, there are still many challenges on the horizon for all sizes and sorts of organizations.

There is an urgent need to reconsider the traditional approach of reporting organizational impact on the economy. GDP growth, profitability, and shareholder returns are not a true measure of economic impact. Instead, organizations need to take a more holistic approach, taking into account the UN’s Sustainable Development Goals (SDGs) and broader societal and environmental factors.

The GSSB has therefore prioritized the revision of GRI’s economic impact related disclosures and standards to better reflect the socio-economic developments of the last decade, and to align the standards with international authoritative instruments. Through our updated Economic Impact Standards, we will help organizations understand and report how their work impacts their stakeholders and economic systems – not just their finances.

Project Update

We are now accepting applications for our Project Working Group (Phase 1 and 2) of our Economic Impact work program. Technical experts with relevant knowledge of sustainability reporting on economic impact are invited to apply. 

It is important our Working Group is representative of a broad range of organizations. We are looking for experts across civil society, business, labor, mediating and investment institutions. Working together as a team, you will be responsible for contributing your experience and expertise on the direct and indirect economic impacts of an organization. Your recommendations will then be developed into disclosures and standards for consideration by the Global Sustainability Standards Board (GSSB).

We will approach the revision of the economic topic standards in three phases:

Phase 1: Distributed value

  • GRI 201: Economic Performance 2016

Phase 2: Impact on institutions

  • GRI 205: Anti-Corruption 2016
  • GRI 206: Anti-Competitive Behavior 2016
  • GRI 415: Public Policy 2016

Phase 3: Economic multiplier, Job creation and Goods and services

  • GRI 202: Market Presence 2016
  • GRI 203: Indirect Economic Impacts 2016
  • GRI 204: Procurement 2016

The documents below offer more information about the project working group:

If you would like to be considered for a place in the working group, please send your CV and a completed application form to: [email protected].

Applications close on 19 October 2023.

Sustainability reporting with GRI Standards

GRI is the guardian of the world’s most comprehensive and wide-ranging set of sustainability reporting standards. Through our standards, organizations of all sizes and across all sectors can understand their impact on the world – both positive and negative – inspiring them to make fact-based decisions. Our standards allow others to hold them to account and demonstrate how they play their part in creating a world of shared prosperity and a flourishing planet for future generations. 

Related Documents

GRI Topic Standard Project for Economic Impact – Project proposal file 18 Sep 2023 English 199 KB
GRI Topic Standard Project for Economic Impact – Working group terms of reference file 18 Sep 2023 English 302 KB

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