New GRI Coal Sector Standard published
GRI has just published a new Sector Standard: GRI 12: Coal Sector Standard 2022. Tweet This! This is the second of 40 planned GRI Sector Standards which will set reporting expectations on the sustainability issues that matter most.
Coal has been prioritised based on the sector’s widely documented impacts on sustainable development, including those related to climate change, biodiversity, economic development and human rights.
Amid global efforts to phase out coal mining and the pressing need to achieve a just transition to a low-carbon economy, this Standard seeks to hold the sector to the highest levels of scrutiny and accountability. Covering 22 topics considered likely material for reporting by companies in the coal sector, GRI 12 aims to enable transparency on the multitude of impacts that need to be better managed and communicated, with key features that include:
- Forward looking climate disclosures, focusing on the sustainability of business models and a just low-carbon transition.
- Holistic approach to managing impacts on communities and vulnerable groups, ensuring respect for human rights.
- Robust reporting on health and safety, drawing on best practice for tailings management.
- Spotlight on ethical business practices, with strengthened scrutiny over ownership structures and payments.
The GRI Coal Standard, which comes into effect for reporting as of January 2024, was developed by a multi-stakeholder working group, ensuring global legitimacy.
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