GRI and the UN Global Compact join forces to enable measuring and reporting on the SDGs Tweet This!
The Global Reporting Initiative (GRI) and the United Nations Global Compact, supported by the Principles for Responsible Investment (PRI), have joined forces to launch the ‘Business Reporting on the SDGs’ initiative, to promote business reporting on the United Nations 17 Sustainable Development Goals (SDGs).
The best practice challenge
While active involvement by businesses is key to achieving the SDGs, best practice regarding corporate reporting on the SDGs remains to be identified. GRI and the UN Global Compact introduced an innovative action platform to deal with this challenge: Business Reporting on the SDGs is intended to supplement the GRI Standards and the UN Global Compact Communication on Progress, making the most of the UN Global Compact’s Ten Principles and the GRI Standards.
How does it work?
Business Reporting on the SDGs will support businesses in integrating SDG reporting into their existing procedures, to bring about targeted corporate action on the SDGs. The new action platform will provide a mechanism to corporations for reporting on the SDGs within the UN Global Compact Communication on Progress and GRI Standards, offering advice on how to align the two reporting frameworks and, also, on how to extract SDG implementation data from a large number of business reports. It consists of:
- the Corporate Action Group (CAG), a business engagement and peer learning forum, enabling company representatives to engage in finding and promoting ways to contribute to the SDGs
- the Multi-stakeholder Advisory Committee (MAC), made up of the members of the CAG and representatives from various stakeholder groups (such as investors, academics, governments, civil society organizations), guiding the UN Global Compact’s and GRI’s research and analysis
For more detailed information, please click here to access the final draft of ‘Business Reporting on the SDGs: An Analysis of the Goals and Targets’.
- Under the terms of a Memorandum of Understanding signed in 2010, the UN Global Compact adopts the GRI Standards as the recommended reporting framework for companies to communicate on progress made.
- 80% of the world’s 250 largest companies issue Corporate Social Responsibility (CSR) reports using GRI’s Sustainability Reporting Standards
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