GRI and PRI collaborate for action on the SDGs Tweet This!
The Global Reporting Initiative (GRI), the world’s leading provider of sustainability reporting standards, and Principles for Responsible Investment (PRI), the world’s most important responsible investment initiative, joined forces to promote responsible investment and business action on the SDGs.
The collaboration between the two organizations, at both a strategic and technical level, is aimed to:
- support GRI’s and PRI’s efforts to align sustainability reporting by businesses with investor expectations, mobilizing capital flows in the direction of sustainable business solutions
- promote projects that support the widespread adoption of sustainability reporting, and
- support reporting on the United Nations Sustainable Development Goals (SDGs) by both businesses and investors
As SDGs will need a $5-7 trillion annual investment, the mobilization of mainstream capital is highly important, with corporations reporting according to the GRI Sustainability Reporting Standards and investors who have signed up to PRI’s six principles representing a significant segment of global capital flows.
According to Tim Mohin, GRI’s Chief Executive, actual progress will only be achieved by aligning “capital investment with sustainable business practices”, ensuring that “sustainability disclosures are decision-useful for all stakeholders, including investors”.
- Supported by the United Nations, PRI is the leading global advocate of responsible investment, striving to assist its global network of investor signatories with integrating environmental, social and governance (ESG) issues into investment decisions.
- PRI has introduced, in order to promote the incorporation of ESG considerations into investment practices, six voluntary Principles for Responsible Investment, with over 1,750 signatories from more than 50 countries, representing around US$70 trillion.
Having pioneered sustainability reporting since the late 1990s, GRI provides the world’s most widely used standards for sustainability reporting, striving to empower decision makers everywhere – businesses, governments, civil society and citizens – to take action towards a more sustainable economy and world.
- 80% of the world’s 250 largest companies issue Corporate Social Responsibility (CSR) reports using GRI’s Sustainability Reporting Standards
- Under the terms of a Memorandum of Understanding signed in 2010, the UN Global Compact adopts the GRI sustainability reporting guidelines as the recommended reporting framework for companies to communicate on progress made
- GRI’s Certified Training Courses are offered by 89 training partners in 54 countries
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