Raw: [
The Global Reporting Initiative (GRI) announced today the launch of its new GRI-ESRS Linkage Service, […]]
GRI Launches New Service to Help Reporting Companies Comply with CSRD Sustainability Reporting Standards – ESG Today
ESG Investing, sustainable finance & business sustainability news
ESG investing news, analysis, research and information
Top Stories ESG News
Companies
Government
Investors
Regulators
Sustainable Finance
ESG Solutions ESG Tools, Services
Companies Companies
Investors Investors
ESG Disclosure ESG Reporting
Analysis
Regulators
Reports, Studies
Newsfeed
Whitepapers
Events
About About us
Our Team
Advertise With Us
ESG Reporting/ ESG Tools, Services
GRI Launches New Service to Help Reporting Companies Comply with CSRD Sustainability Reporting Standards
Mark Segal
July 9, 2024
The Global Reporting Initiative (GRI) announced today the launch of its new GRI-ESRS Linkage Service, aimed at enabling companies reporting under its disclosure standards to align with the European Sustainability Reporting Standards (ESRS) underlying the EU’s new Corporate Sustainable Reporting Directive (CSRD).
GRI Sustainability Reporting Standards are one of the most commonly accepted global standards for sustainability reporting by companies, developed to enable consistent reporting across companies and industries, providing clearer communication to stakeholders regarding sustainability matters. The GRI published a major update of the standards in 2021, and recently published new proposed climate change and energy reporting standards as well as a new biodiversity reporting standard. The GRI’s standards are developed by the Global Sustainability Standards Board (GSSB).
The ESRS, developed by EFRAG, and officially adopted by the European Commission in 2023, set out the rules and requirements for companies to report on sustainability-related impacts, opportunities and risks under the CSRD. The CSRD, which began applying to some companies as of the beginning of 2024, will significantly expand the number of companies required to provide sustainability disclosures to over 50,000 from around 12,000 currently, and introduce more detailed reporting requirements on company impacts on the environment, human rights and social standards and sustainability-related risk.
The launch of the new service follows the confirmation last year by the GRI and EFRAG that they have achieved a high level of interoperability between the ESRS and the GRI Standards. The organizations subsequently announced that they would deepen their cooperation on sustainability reporting and collaborate in areas including reporting standards development and training, in addition to launching a GRI-ESRS Interoperability Index, a new tool outlining how the disclosure requirements and data points in ESRS and the GRI standards relate to each other, preventing the need for “double reporting” for entities disclosing under both systems.
Under the new service, the GRI will look at a reporting company’s GRI content index and provide feedback on specific GRI-ESRS linkages, including explaining areas in which disclosures do or do not align. The GRI will also provide feedback on ESRS Topical Areas covered by the reporting organization’s material topics disclosures, and provide suggestions on how to structure the ESRS sustainability statement, as well as delivering a list of all ESRS data points that do not have linkages to GRI standards.
Mark founded ESG Today following a 20 year career in investment management and research. Prior to founding ESG Today, Mark worked at Delaney Capital Management (DCM) in Toronto, Canada, most recently as the firm’s head of U.S. equities. While at DCM, Mark was part of the firm’s ESG team, responsible for evaluating and tracking the sustainability factors impacting portfolio companies, and assessing the suitability of companies for portfolio inclusion. Mark also spent several years in the sell-side research industry, covering the technology and services sectors. Mark holds an MBA from Columbia University in New York, a BBA from the Schulich School of Business at York University in Toronto, and is a CFA charterholder.
Related Posts
ESG Reporting /
ESMA Calls on Companies to Get Data Systems in Place to Meet New CSRD Sustainability Reporting Requirements
ESG Tools, Services /
ESG Book Appoints Justin Fitzpatrick as CEO
ESG Reporting /
Nature Risk Management and Reporting Solutions Provider Natcap Raises $10 Million
‹ Microsoft Signs Largest-Ever DAC Carbon Credit Purchase Agreement with Oxy’s 1PointFive › Sustainserv Launches Novel Workshop and Certification to Help Companies Navigate New European Union Sustainability Standards
ESG Today Newsletter – Subscribe
Subscribe to the ESG Today NewsletterJoin our mailing list for the latest breaking ESG investment news!
LevelC-LevelSVP / EVPDirector / VPManager / SupervisorMid or Entry LevelFreelance / ContractStudent / InternRetiredOther
FunctionAccounting & FinanceBusiness Development & SalesCustomer SupportFacilitiesHR & TalentInvestingLegalMarketing & CommunicationsOperationsR & DProcurement & ContractingSupply Chain & DistributionSustainabilityStrategyTechnologyOther
SUBSCRIBE!
You have Successfully Subscribed!
Sustainable Finance
Demeter Invests in H2 Green Steel
Deutsche Bank Issues Inaugural €500 Million Social Bond
ING Appoints Cindy Jia as Head of Sustainable Finance, Americas
Zurich, Aon Launch New Insurance Coverage to De-Risk Clean Hydrogen Projects
Government
EU Rolls Out Tariffs on Chinese EVs Following Anti-Dumping Investigation
Switzerland Proposes Major Expansion in Sustainability Reporting Requirements for Companies
Denmark Announces First-Ever Carbon Tax on Agriculture
Canada Passes New Corporate Greenwashing Rules into Law
Categories
Select Category
Business Wire
ESG News
Analysis
Climate
Companies
Energy Transition
Environment
ESG Reporting
ESG Tools, Services
Executive Moves
Governance
Government
Guest Posts
Investors
M&A
New funds & products
Platforms & Markets
Private Equity & Venture Capital
Professional bodies
Regulators
Reports, Studies
Social
Social & Governance
Sustainable Finance
Welcome
Back to Top
Home
About us
Disclosure, cookies & privacy policy
© ESG Today 2024
Don’t miss the top ESG stories!Join the ESG Today daily newsletter and get all the top ESG stories, like this one.
Subscribe now below!
LevelC-LevelSVP / EVPDirector / VPManager / SupervisorMid or Entry LevelFreelance / ContractStudent / InternRetiredOther
FunctionAccounting & FinanceBusiness Development & SalesCustomer SupportFacilitiesHR & TalentInvestingLegalMarketing & CommunicationsOperationsProcurement & ContractingR & DStrategySupply Chain & DistributionSustainabilityTechnologyOther
SUBSCRIBE!
You have Successfully Subscribed!
Never miss the latest breaking ESG investment news. Get ESG Today’s newsletter today!
Subscribe Now
c
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.OkPrivacy policy