Last month, GRI attended the World Resources Forum “Closing Loops – Transitions at Work” in Antwerp. Hosted by the Public Waste Agency of Flanders and the World Resources Forum, this event highlighted the fundamental role of the circular economy in addressing climate change. This new paradigm suggests fundamental reconsideration of how we produce and consume goods, and design material cycles such that materials can continue to cycle indefinitely, preventing waste generation and related negative impacts. The revision of GRI's Waste Disclosures reflects this new perspective in how organizations perceive and report on waste.

This perspective is well reflected in GRI’s revision of corporate reporting on Waste Disclosures and was presented at the Forum. Participants generally supported the direction of this revision and gave some further insight into what stakeholders want to understand and organizations need to report about their waste management. This included information about an organization’s understanding of its responsibility for waste generated in its value chain and actions taken to manage that waste, targets and goals to manage waste-related impacts, and information about the composition of waste and how it is managed.

The draft Standard is currently being finalized and will soon be submitted to the Global Sustainability Standards Board (the GSSB) for their review and approval. Keep an eye on our webpage or sign up to stay informed about the start of the public consultation and opportunities to get involved!

About the project

The GSSB is overseeing a project to review and update the content of waste disclosures in GRI 306: Effluents and Waste 2016 in 2018 and 2019.

The project's objective is to review and update the waste-related content of GRI 306: Effluents and Waste to ensure it is in line with internationally-agreed best practice and reflects recent developments in waste management and reporting. The scope of work includes updating, expanding or deleting existing content, where appropriate.

The scope of this review also includes the materials-related disclosures from GRI 301: Materials 2016

The project follows the GSSB Due Process Protocol, the implementation of which is overseen by the Due Process Oversight CommitteeIn line with this protocol, a multi-stakeholder Project Working Group has been formed to develop content for the review of waste disclosures in GRI 306.

Further information about the project can be found in the Project proposal for the review of GRI Waste Disclosures

Sign up for updates here. Further questions can be emailed to waste@globalreporting.org.

 

Project Working Group

The GRI Waste Disclosures Project Working Group is made up of the following members. Read more about them in their member bios

PWG Members:
Lisa Beauvilain, Impax Asset Management, UK
Tawanda Collins Muzamwese, Business Council for Sustainable Development Zimbabwe (BCSDZ), Zimbabwe
Dr. Maarten Dubois, EY Climate Change and Sustainability Services, Belgium
Paul Frith, Chartered Institution of Wastes Management (CIWM), UK
Daniel Gomez, Colombia
Lennart Hermans, Osmosis Investment Management, UK
Rhys Jenkins, Rio Tinto, Canada
Piet Klop, PGGM Investments, The Netherlands
Claudio Mosti, Enel SpA, Italy
Bart Nevels, Renewi plc, The Netherlands
Amisha Parekh, Bloomberg LP, USA
Arne Ragossnig, International Solid Waste Association (ISWA), Austria
Dr. Anne Scheinberg, Springloop Cooperative U.A., The Netherlands
Jeff Sokol, Forsgren Associates, Inc., USA
Joseph Tong, Fuji Xerox (Hong Kong) Limited, Hong Kong, China

GSSB Sponsor:
Michel Washer, Belgium

Project timeline

This timeline is subject to change. For more information about the development process and project schedule, see the Project Working Group Terms of Reference.

Phase 1: Project commencement (March 2018)
Phase 2: Appointment of Project Working Group (July 2018)
Phase 3: Development of Exposure Draft (September 2018 – February 2019)
Phase 4: Public exposure (April – June 2019)
Phase 5: Consideration of respondents’ comments on the Exposure Draft (August – November 2019)
Phase 6: Approval of GRI Standard (expected December 2019) 
Phase 7: Final Standard released (expected Q1 2020) 

Updates

Please sign up here to receive updates about this and other GRI Standards projects (make sure to tick the ‘Standards’ option).

If you are interested only in waste-related GRI Standards updates, please send an email to waste@globalreporting.org indicating you would like to stay informed about the development of this project.