Transitioning to GRI G4
The next evolution in the Global Reporting Initiative reporting guidelines
Since its launch in 1999, the Global Reporting Initiative (GRI) has emerged as the most commonly used set of guidelines for sustainability reporting.
Comprising Reporting Principles, Standard Disclosures and an Implementation Manual, the aim of G4 is to assist organisations to produce sustainability reports that matter to stakeholders, contain valuable information about the organisation’s most critical sustainability-related issues, and make such reporting standard practice.
Many organisations have been producing sustainability reports based on G3 (released in 2006) or G3.1 (an update in 2011) guidelines for a number of years. In May 2013, the GRI released the latest evolution of its Sustainability Reporting Guidelines – G4. There are a number of areas that were significantly revised from earlier versions of the GRI guidelines. Key enhancements include:
- Strong emphasis on materiality and detailed guidance on how to select material topics
- Updated disclosures on governance, ethics and integrity, supply chain, anti-corruption and GHG emissions
- Generic set of Disclosures on Management Approach
- “Core” and “Comprehensive” in accordance criteria options to replace the Application Levels A, B and C in G3.1
Organisations publishing sustainability reports after 31st December 2015 must follow G4 reporting guidelines.