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🌍 New GRI Standards on Energy and Climate: Towards a Sustainable Future


🔹 Introduction to the New Standards

On the eve of the United Nations COP28 climate change summit, the Global Reporting Initiative (GRI) has announced the introduction of two new standards regarding energy and climate.

These standards represent a significant commitment for global organizations to responsibly contribute to climate change.


🌿 Climate Change Standards

The first standard focuses on climate transition, allowing organizations to report their plans and actions for adapting to climate change.

It also emphasizes the importance of disclosing annual progress on greenhouse gas emissions reduction goals, providing transparency in efforts to mitigate climate change.


Energy Transition Standards

In parallel, GRI proposes an updated standard on energy transition.

This standard, which updates GRI 302: Energy 2016, focuses on how organizations are reducing energy consumption, promoting energy efficiency, and the use of renewable energy.

It's a vital measure in the fight against climate change and decreasing the coal footprint.



🔍 Public Consultation Period

The public consultation period remains open until February 29, 2024, and the new standards should be published by the end of the same year. This consultation period involves EFRAG (European Financial Reporting Advisory Group), national regulatory bodies, and the ISSB (International Sustainability Standard Board), aiming for alignment with global regulations.



📈 Importance and Impact

These new GRI standards are essential for increasing transparency and accountability of companies in the context of the climate crisis.

The adoption of these standards marks a significant shift in corporate communication and action for a more sustainable future."

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