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If your company is gearing up to release a sustainability report, you'll probably be faced with choosing a reporting framework. Likely at the top of the list: the Global Reporting Initiative (GRI) and Sustainable Accounting Standards Board (SASB). Choosing the right framework depends on many factors, but regardless of the framework you choose, it is important that it aligns with your company’s objectives and key ESG issue areas Check this out 👉 https://lnkd.in/gDJ9VSQm Need help creating an ESG report aligned to GRI or SASB? Reach out to us today. https://lnkd.in/gibENGN3 #esg #gri #sasb #reporting #sustainabilityreporting 

Let’s start preparing. IFRS S1

These frameworks enhance transparency by standardizing reporting practices, ensuring consistent and comparable data. This allows stakeholders to assess and compare sustainability performance effectively. Annual reporting cycles, as seen in frameworks like GRI, SASB, and CDP, promote regular updates and accountability, fostering trust and informed decision-making.

Key Sustainability Reporting Frameworks & Their Reporting Periods: Start preparing now: 1. Global Reporting Initiative (GRI) Annual 2. SASB Standards Annual (updates from January 1, 2024) 3. Taskforce on Nature-related Financial Disclosures (TNFD) Annual (final recommendations in September 2023) 4.ESRS: Annual (requirements effective from 2024) CSRD Institute 5. IFRS Annual 6. United Nations Global Compact (UNGC) Club, AUD Annual (focus on progress reports) 7. WDI**: Annual 8. CDP Annual 9. EcoVadis Annual 10. S&P Global: Annual Understanding these frameworks helps organizations enhance sustainability practices, transparency, and accountability. #Sustainability #ESG #Transparency

Navigating the ESG Landscape: A Consultant's Expertise The ESG market is flourishing, and ESG consultants are like sustainability Sherpas! We navigate the complex terrain of reporting frameworks (GRI, SASB, IFRS, BRSR – whew!) to help companies tell their unique sustainability story. Imagine comparing apples to oranges... but you have a whole orchard of different fruits, each with its own grading system! The challenge? Knowing which fruit best represents a company's sustainability efforts. That's where an ESG consultant comes in. We decipher the right framework for each client, ensuring clear and comparable reporting. Think of us as sustainability translators, bridging the gap between your actions and impactful communication. Let's unlock a future of transparency together! #ESG #Sustainability #Impact #Consulting #ESGreporting #sustainabilityreporting #standards #carbon #IFRS #BRSR #GRI #SASB #REITS #SBTi

In the latest ESG Book Policy Digest, we look at how global regulators and standard setters are actively working to unravel the complexities of the #ESG ‘alphabet soup’, while addressing the practical challenges related to the quality and credibility of #sustainability data. The Global Reporting Initiative (GRI) is collaborating with EU regulators to clarify how GRI Standards can serve as a foundation for sustainability reporting in the EU. The IFRS Foundation is committed to fulfilling the promise of the ‘global baseline’, and will consider the importance of transition plan disclosure for investors as part of its two-year work plan. Meanwhile, with regulators looking to determine the credibility of net zero strategies and plans, the ISO - International Organization for Standardization has offered a solution with an independently verifiable net zero standard set to launch in 2025. And to enrich the reporting toolkit, the Taskforce on Nature-related Financial Disclosures (TNFD) has also provided tailored guidance for eight ‘real economy’ sectors. Read the July 2024 edition of ESG Book’s Policy Digest: https://lnkd.in/eCHVvPzi #PolicyDigest #ESGBook #SustainableFinance

The landscape of global ESG reporting standards is rapidly evolving, with significant updates that businesses cannot afford to ignore. The International Sustainability Standards Board (ISSB) recently issued its inaugural standards—IFRS S1 and IFRS S2—marking a critical step toward a unified global framework. These standards aim to harmonize the myriad of existing ESG frameworks, making reporting more consistent, transparent and comparable across industries and regions. For companies, particularly those looking to stay ahead of the curve, this means a shift toward more rigorous and comprehensive ESG disclosures. These standards emphasize the need for businesses to not only report on their environmental impact but also to integrate social and governance factors into their core strategies. At GreenLead, we understand the complexities involved in adapting to these new requirements. Our tailored software solutions are designed to help businesses seamlessly integrate these standards into their reporting processes, ensuring compliance while also unlocking the potential for greater sustainability-driven value creation. As these standards become the norm, companies that proactively adopt and adapt to them will not only enhance their credibility but also gain a competitive edge in a market increasingly driven by ESG considerations. Stay informed, stay compliant and let GreenLead guide you through this transformative journey. #ESG #sustainability #IFRS #GreenLead #CorporateGovernance #SustainableBusiness #ClimateAction #ESGReporting #Innovation #BusinessGrowth

What are the top reporting standards? 🤔 Navigating all the reporting standards can be confusing at times and it can be tricky to keep up with all the abbreviations used for each standard. So here is an overview of the top sustainability reporting standards you should know about 🍃 1️⃣ The European Sustainability Reporting Standards (ESRS) are specific criteria for ESG reporting, developed to support the Corporate Sustainability Reporting Directive (CSRD). These standards aim to enhance transparency and comparability of non-financial disclosures across European companies. 2️⃣ The International Sustainability Standards Board (ISSB) operates as an autonomous entity for establishing standards under the umbrella of the IFRS Foundation (International Financial Reporting Standards) to improve the communication between investors and companies. 3️⃣ The Global Reporting Initiative (GRI) offers a comprehensive framework for companies to report on their economic, environmental, and social impacts. The newest GRI Standards provide three sets (economic, environmental, and social) of 34 topic-specific standards. Follow for more sustainability updates and insights 💡 #sustainability #esg #climate

🌍 Global Momentum for Sustainability Reporting Standards 📈 A new IFRS report has revealed that jurisdictions covering 50%+ of global GHG emissions are now aligning with ISSB sustainability reporting standards. This signals a major step toward global consistency in ESG disclosures. Why it matters: - Greater transparency and comparability in corporate sustainability performance. - A reinforced focus on climate and GHG accountability for businesses worldwide. As alignment grows, companies must ensure they’re prepared to meet the ISSB standards—a key to remaining competitive in a rapidly evolving regulatory landscape. 👉 SKOPOS ESG can help you stay ahead of these changes. Reach out to us today! 📩 #ESG #Sustainability #Reporting #ISSB

What are the top reporting standards? 🤔 Navigating all the reporting standards can be confusing at times and it can be tricky to keep up with all the abbreviations used for each standard. So here is an overview of the top sustainability reporting standards you should know about 🍃 1️⃣ The European Sustainability Reporting Standards (ESRS) are specific criteria for ESG reporting, developed to support the Corporate Sustainability Reporting Directive (CSRD). These standards aim to enhance transparency and comparability of non-financial disclosures across European companies. 2️⃣ The International Sustainability Standards Board (ISSB) operates as an autonomous entity for establishing standards under the umbrella of the IFRS Foundation (International Financial Reporting Standards) to improve the communication between investors and companies. 3️⃣ The Global Reporting Initiative (GRI) offers a comprehensive framework for companies to report on their economic, environmental, and social impacts. The newest GRI Standards provide three sets (economic, environmental, and social) of 34 topic-specific standards. Follow for more sustainability updates and insights 💡 #sustainability #esg #climate