What is the purpose of the Global Reporting Initiative (GRI)?

The purpose of the Global Reporting Initiative (GRI) is to create a framework for sustainability reporting. This initiative focuses on helping organizations transparently report their economic, environmental, and social impacts, which allows stakeholders to understand the sustainability performance of these organizations. By offering standardized guidelines and principles, GRI facilitates consistent reporting across different industries and countries, enabling comparability and accountability in sustainability practices. The framework supports organizations in assessing their contributions to sustainable development and encourages responsible business practices. This focus on transparency and stakeholder communication is essential for fostering trust and promoting sustainability in the business sector.