Support builds for stronger global sustainability reporting.
Consumers, shareholders and NGOs are turning up the heat. The GRI, financed by the United Nations Foundation and other foundations, provides a framework for business to report on economic, environmental and social issues. Using it can help firms to structure their own internal monitoring systems with a new level of confidence. It is a report that, for example, highlights areas of strength, while noting areas where it needs to improve relative to the GRI's guidelines, such as in its measurement of social responsibility performance. But, the GRI guidelines themselves need of improvement.