Changes are Coming and GRI Reporting Companies Need to Pay Attention
Founded in 1997 in response to the Exxon Valdez oil spill (then the biggest oil spill the United States had ever seen), the Global Reporting Initiative (GRI) aimed to create a standard for environmental accounting and reporting, and to measure...
ESG Strategy 2022: Assessing the Shift from Fragmented Voluntary Standards to Aligned Mandates
The voluntary frameworks and legislative instruments that currently guide ESG disclosures are in a state of rapid evolution. Companies that have undertaken sustainability reporting or ESG disclosure will be uncomfortably familiar with the plethora of organizations and standards available, along...
The Truth About ESG Ratings—and Why Sustainability Reporting Is Crucial for Businesses
Some recent news has highlighted the difference between sustainability and ESG, terms that are sometimes equated erroneously. Bloomberg has suggested that the rapidly growing ESG rating business is more about the financial sustainability and viability of the companies rather than...
How the Value Reporting Foundation (VRF) Supports Sustainable Finance—and Why It Matters for Your Business
A most noteworthy takeaway of the recently completed COP26 event in Glasgow was the announcement on “Finance Day” that nearly 500 global financial services firms agreed to align $130 trillion—some 40% of the world’s financial assets—with the climate goals set...
ESG Reporting: Integrated Thinking for ESG
A small group of practitioners have been working on the concept of green accounting for decades, arguing that only by placing a tangible, financial value on the environment can we properly manage and protect it. Critics argue that we need...
EU Taxonomy Explained: Breaking Down the 4 Criteria for Sustainability & ESG
European Union Taxonomy – A New Driver for Sustainability and ESG While the concept of Environmental, Social, and Governance (ESG) value has been discussed in the financial community for several decades, the last 12-18 months has seen an explosive...
