GRI 12: Coal Sector Standard 2022 Archives - SustainCase - Sustainability Magazine Insights on how you can protect the environment, maintain and increase the value of your company, through a structured CSR/Sustainability process with the use of the GRI Standards. Learn how Today's Best-Run Companies are achieving Economic, Social, and Environmental Success - and How You Can Too... Tue, 15 Mar 2022 10:24:47 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 New GRI Coal Sector Standard published https://sustaincase.com/new-gri-coal-sector-standard-published/ Tue, 15 Mar 2022 08:05:39 +0000 https://ccprowebs.com/new-sustaincase.com/?p=14603 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 […]

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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.

 

 

 

 

 

 

 

 

 

 

 

 

78% of the world’s 250 largest companies report in accordance with the GRI Standards

SustainCase was primarily created to demonstrate, through case studies, the importance of dealing with a company’s most important impacts in a structured way, with use of the GRI Standards. To show how today’s best-run companies are achieving economic, social and environmental success – and how you can too.

Research by well-recognised institutions is clearly proving that responsible companies can look to the future with optimism.

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References:

This article is based on published information by GRI. For the sake of readability, we did not use brackets or ellipses. However, we 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 following link:

https://www.globalreporting.org/about-gri/news-center/accountability-on-coal-managing-the-impacts-of-a-sector-in-transition/

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