GRI calls for public to comment on sustainability reporting guidance
The Global Reporting Initiative (GRI) is calling for the public to comment on sustainability reporting guidance geared towards improving the way companies report on greenhouse gas emissions.
GRI produces a sustainability reporting framework that is widely used around the world and is now working on the next generation of its Sustainability Reporting Guidelines, called G4.
As part of the development process of the guidance, a public comment period is now open for organisations and individuals to share their views and help shape reporting on greenhouse gas emissions. G4 will also look at improving the way companies report on anti-corruption.
According to GRI, greenhouse gas (GHG) accounting and reporting is a fast-moving area, covered by increasing regulatory requirements. Public interest in this area is growing rapidly, and demands for information about companies' emissions will continue to increase as climate change continues.
GRI said: "The GHG Emissions Working Group has proposed new content for G4 that more closely aligns GRI's guidance with the GHG Protocol set of standards, jointly released by the World Resources Institute and the World Business Council for Sustainable Development, and the ISO 14064 standard produced by the International Standards Organization for Standardization".
Senior Manager of Reporting Framework at the Global Reporting Initiative, Bastian Buck, said it is important that the G4 Guidelines adequately reflect recent discussions on anti-corruption and GHG emissions to enable meaningful reporting on these topics.
He added: "By commenting on the proposed anti-corruption and GHG emissions updates, the public can help improve sustainability reporting in these areas."
A 90-day Public Comment Period is now open, and the public can comment on the proposals until November 12 2012.