Today, GRI, architect of the worlds most widely used sustainability reporting framework, has released the publication Making headway in Europe, which sets out the links between GRIs G4 Guidelines and the recently adopted European Directive on disclosure of non-financial and diversity information. The linkage document specifies how G4 can be used to gather information, and formulate responses, to each element of the European Directive.
This linkage document shows why organizations that fall under the Directive should use G4, and how they can do so, said GRIs Deputy Chief Executive Teresa Fogelberg. This publication is yet another example of GRIs commitment to advancing corporate transparency, as well as sustainable and inclusive growth within the European Union and beyond.
Following the adoption by the Council of the European Union the Directive entered into force in December 2014. As a result, 6,000 large, public interest enterprises, within the European Union, will have to report on a number of sustainability matters. The Directive covers issues such as environmental, social, and labor impacts, along with anti-corruption, bribery, and respect for human rights. The reports or statements, produced in response to the Directive, will also need to include a description of the policies, outcomes and the risks related to those topics.
G4 offers comprehensive guidance for companies, allowing them to fulfill the transparency expectations formulated in the Directive. said GRIs Director Reporting Standard Bastian Buck.
