USING THE GRI STANDARDS
Sustainability reports play a pivotal role in communicating your sustainability performance, impacts, and strategy with stakeholders. These reports enable you to formally share your progress, tell your story in full, demonstrate transparency and accountability and allow you to be compared against others. A high quality sustainability report will detail the economic, environmental and social impacts caused by your organisation’s operations, in a clear, concise and engaging way.
At Go Well, we follow the Global Reporting Initiative (GRI) Standards which are widely considered to be the gold standard for sustainability reporting.
Producing a sustainability report is a valuable opportunity for your organisation to engage with your stakeholders and deep dive into the issues that are most important to both them and you. It provides a unique opportunity to share the milestones you have achieved and the goals you are striving for, while explaining challenges and demonstrating your big-picture thinking.
Ultimately, a sustainability report is about transparency and communication. With the rapidly evolving awareness of our massive social, environmental and economic impacts by customers, investors, policy writers and others who will heavily influence the success of your organisation – the need to transparently communicate sustainability is more important than ever. Regularly formalising your performance on these issues in a sustainability report is a valuable way to maintain stakeholder engagement and retain relevance as a business in the 21st century.
“The challenge for business is to tell your story in a genuine, meaningful and evidenced-based way.” Colmar Brunton Better Futures report, 2019.
The GRI Reporting Process
Global Reporting Initiative (GRI)
At Go Well, we follow the Global Reporting Initiative (GRI) Standards which are widely considered to be the gold standard for sustainability reporting. Using the GRI framework, we work with organisations to produce high quality sustainability reports that are reputable, digestible and comprehensible.
GRI has differing levels of reporting requirements, enabling organisations of any size, to understand and report on their impacts in a comparable and credible way. For a complete and more reputable report an organisation should report “in accordance with” the Standards. For those with budget and / or time constraints, a high-quality report can still be produced “in reference” to the Standards.
The GRI Standards are also regularly reviewed to ensure they reflect global best practice for sustainability reporting, and are aligned with other leading frameworks and initiatives such as the United Nations, Sustainable Development Goals (SDGs), ensuring that the comprehensive data you produce can cover multiple reporting requirements. You can read more on that here.
“…if an issuer chooses a formal framework to report on ESG* factors, it should report against a recognised international reporting initiative such as the Global Reporting Initiative guidelines…” -NZX Corporate Governance Code 2017
“Nick jumped on board to help us with our second bi-annual Sustainability Report. After critiquing our first report Nick guided us towards a better reporting model and supported us from start to finish to get it released. Ever professional, pragmatic, encouraging, balanced and passionate, we loved working with Go Well and look forward to engaging with them once more for round three.”
Explore our other services that help evolve businesses for the sustainable future
Ongoing support and expertise at the tiered level your business requires. Think of it as your very own sustainability manager at a fraction of the cost.
Understand what sustainability means to your business, set SMART goals, develop a road map to achieve them.
Break the inertia and get cracking on your sustainability journey with a presentation from, and conversation with, an expert.
An internal assessment is performed on your business with a corresponding report provided. A good stepping stone before a full sustainability report.
Ensure you have input and guidance from a sustainability expert for a specific project.
Be certain that your supply chain is not contributing to social and/or environmental exploitation.