Sustainability report selection tool

Kye Gbangbola looks at the latest guidance from the GRI on sustainability reporting and its focus on materiality

Sustainability report selection tool

The Global Reporting Initiative (GRI) launched the fourth version of its sustainability reporting guidelines – “G4” – at its annual conference in Amsterdam in May. While G3 (and G3.1) was often criticised for pressuring organisations to measure and report metrics that were irrelevant to them, G4 places greater emphasis on materiality, with the aim that users will measure only what matters where it matters.

Announcing the launch of G4, GRI deputy chief executive Nelmara Arbex said: “The increasing demand for sustainability information is inevitable. But this demand is also a demand for sustainability-related information that matters. This is what G4 is about.” 

According to GRI, the focus on materiality will make reports more relevant, more credible and more user-friendly. This greater focus will enable organisations to better inform markets and society on sustainability issues, claims the body behind the world’s most widely used sustainability reporting framework.

Value chains

Whereas G3 was an “extent of reporting standard”, labelling an organisation A, B or C based on the number of disclosures made, G4 is described as an “in accordance with” standard. It contains two options – “core” and “...

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