GRI: The gold standard in policy-making for governments worldwide
Across the globe, more and more governments, regulators and public authorities adopt the GRI Standards in planning, developing and implementing policies, guidelines, recommendations and regulations for sustainability reporting.
Sustainability reporting has multiple benefits for governments Tweet This!, as it:
- Helps them better understand how companies in their jurisdictions are dealing with their environmental and/or social impacts and, also, how companies contribute to national sustainability initiatives and efforts
- Fosters transparency and open dialogue between companies and a range of stakeholders, including governments
- Helps in holding companies responsible for the impacts of their activities
GRI referenced in policies, recommendations and guidelines
The GRI Standards are referenced by an increasing number of policy makers, regulators and public authorities in different ways, including the following:
- requiring the use of the GRI Standards
- considering reporting according to the GRI Standards as equivalent to complying with a policy
- recommending or referencing the GRI Standards
Countries whose governments, public and regulatory authorities reference the GRI Standards in policies, recommendations and guidelines include:
- Germany (Government of Germany and various public authorities)
- Switzerland (State Secretariat for Economic Affairs)
- Denmark (Danish Business Authority)
- Japan (Ministry of the Environment)
- Italy (Ministry of Economic Development, among others)
- Taiwan (Taiwan Stock Exchange)
- Spain (Government of Spain)
- Canada (Foreign Affairs, Trade and Development Ministry, among others) and
- Australia (Australian Stock Exchange, among others)
For a complete list of countries whose governments and public authorities reference the GRI Standards in policies, recommendations and guidelines, please click here.
References:
This article was compiled using information on the GRI website below. For the sake of readability, we did not use brackets or ellipses but made sure that the extra or missing words did not change the publication’s meaning. If you would like to quote these written sources from the original please revert to the links below:
https://www.globalreporting.org/information/policy/Pages/default.aspx
https://www.globalreporting.org/information/policy/initiatives-worldwide/Pages/default.aspx
https://www.globalreporting.org/resourcelibrary/GRI%20references%20for%20the%20website.pdf