CA NeWs Beta*: GLOBAL REPORTING GUIDELINES UPDATED

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Friday, March 25, 2011

GLOBAL REPORTING GUIDELINES UPDATED

Sustainability reporting: most complete guidance ever
The most comprehensive and complete sustainability reporting guidance
is now available, as the Global Reporting Initiative (GRI) launches
its G3.1 Sustainability Reporting Guidelines today (23 March 2011).

GRI is a network-based non-governmental organization that aims to make
sustainability reporting common practice. GRI produces the world’s
most widely used Sustainability Reporting Guidelines to enable the
drive towards greater transparency. GRI is committed to continuously
improving and increasing the use of the Guidelines, which are freely
available to the public.

An increasing number of companies are producing reports on their
non-financial performance, enabling their stakeholders to understand
the company’s impact on the economy, the environment and on society.

The guidance released today is the completion of GRI’s current
generation of Sustainability Reporting Guidelines. The G3.1 Guidelines
feature up to date guidance on issues that are critical in today’s
society – human rights, gender and community.

GRI is also launching guidance to help companies determine what to
measure and report on. The Technical Protocol – Applying the Report
Content Principles will enable organizations to produce relevant
reports more easily.

Nelmara Arbex, Deputy Chief Executive of the Global Reporting
Initiative, said: “We are very pleased to be launching the GRI G3.1
Guidelines today. Another important achievement is the new Technical
Protocol, which will help companies determine what to report on.
Together, the Protocol and the new guidance in G3.1 will enable all
organizations to be transparent about a wide range of important, but
often neglected, issues.”

Organizations that are already reporting on their sustainability
performance are entitled to use the current G3 Guidelines or the
updated G3.1 Guidelines. Both versions remain valid until the next
generation of GRI Guidelines is in place. This next generation is due
to be launched in 2013 and will be the only valid version of the
Guidelines in 2015.

While G3-based reporting remains valid, GRI recommends that reporters
use G3.1, the most comprehensive reporting guidance available today.
G3.1 enables organizations to be transparent about a wider range of
sustainability issues. New reporters should begin their reporting
journey by following G3.1.

GRI is currently planning updates to its support materials, including
Learning Publications, in line with the updated Guidelines. G3.1 will
be translated into Spanish, Portuguese and Mandarin Chinese, and these
versions are expected to be ready later this year.

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