Tag Archives: GRI
Materiality and the GRI
In this second installment of our materiality research blog series, we examine the nexus between companies’ use of the Global Reporting Initiative (GRI) Sustainability Reporting Guidelines and materiality analysis.
(Start with Part 1 or download the research results and methodology)
As part of our continuing research into the uptake of materiality analysis among sustainability leaders, we evaluated whether companies on CR Magazine’s 2010 and 2011 100 Best Corporate Citizens Lists who used the GRI Guidelines also conducted materiality analyses.
Materiality is one of the GRI’s central reporting principles. Companies, especially those pursuing higher GRI Application Levels, are expected to disclose their rationale and methodology for assessing which issues should feature prominently in strategy setting and disclosure.
In our research subset, we found that:
All companies on the CR 100 Best list that secured external assurance for their reports (a… More
Outokumpu Annual Report 2010 PDF
Finnish stainless steel producer Outokumpu undertakes a credible effort to integrate environmental, social, and governance (ESG) reporting with financial reporting.
Jumping into the G4: Shaping the future of sustainability disclosure
The Global Reporting Initiative (GRI) is in the midst of developing the next iteration of its Sustainability Reporting Guidelines: the G4, expected in 2013. GRI is seeking stakeholder input to decide what topics should be added to the G4 or how current G3 topics should be revised.
At Framework:CR, our extensive cross-sectoral experience in sustainability strategic planning and communications allows us to examine sustainability communications with a critical eye. We often see gaps in what companies report, both from a perspective of omitted data as well as a lack of context around results. We intend to draw on this experience when commenting on the evolving G4 Guidelines.
Specially, our recommendations will focus on three broad goals:
To require companies to base their reporting around material issues and to clearly articulate their process for determining materiality.
To help companies explicitly identify and… More >