GRI

• since 1997
• universal standards
  • regardless of size, industry, location
• sector standards
  • not many of them
• topic standards
  • certain sector relative points
• current chair: Caroll Adams
• fighting in EU for importance, after ESRS

Key Concepts

• impact
  • impact materiality, not financial materiality
  • short/long term
  • reversible/irreversible
• material topics
  • materiality assessment process
  • summary by theme
  • allows for prioritizing matters
• stakeholder
  • directly/indirectly affected
  • affected and potentially affected
• due diligence
  • similar CSDDD

Goals

• accuracy
• balanced
• clarity
• comparability (across time and companies)
• completeness (all scopes, not just scope 1)
• sustainability context
• timeless
• verifiability

Timeline