What CSOs should know about the new GRI climate standards
The new standards would require companies to report on the social impacts of their climate efforts, their use of carbon credits and removals, and the investments allocated to mitigation and adaptation.
The Global Reporting Initiative (GRI) has opened a three-month public consultation on the upcoming update of its climate change and energy disclosure standards. Chief Sustainability Officers now have a chance to review and comment on the draft – and start preparing for the changes ahead.
The GRI is behind the most widely used standards around sustainability disclosures – most of which were published in 2016. Since then, the regulatory environment around climate change has evolved significantly, so the organisation is proposing a raft of revisions to align with the latest developments.
