Sustainability report: the role of GRI standards
Sustainability reporting has become one of the most relevant practices for organizations willing to prove their value to stakeholders also through their commitment to ESG considerations and environmental issues. With the advent of European Regulatory acts such as CSRD and CSDDD, choosing the right reporting framework and standard has become a key point of corporate sustainability strategy. In this context, there are several sustainability reporting frameworks available to executives, including a few that have become widely used and are backed by international organizations. It is a rapidly evolving set of choices, as an analysis by the Harvard Business review has pointed out. Although ESRS and EFRAG reporting standard are mandatory to report under these Regulations, GRI standards still holds the ground internationally as a voluntary reporting standard for companies outside of Europe. Designed to be an easy-to-use modular set, GRI deliver an inclusive picture of an organization's material topics, their related impacts and how they are managed.
