The Global Reporting Initiative (GRI) is looking to update its sustainability framework by creating new pollution disclosure standards. Recent research from GRI indicates that air pollution is often under-measured and under-reported. The standard setter is hoping to shed more light on pollution in several forms through three recently published draft standards. A press release announcing the consultation states:
“GRI is updating existing standards related to pollution, and considering the need for new disclosures. Today, a public comment period has launched on three exposure drafts that aim to strengthen transparency on air pollution, soil pollution, and critical incidents reporting.
The proposals see the introduction of a first GRI Topic Standard for soil pollution, and the expansion of disclosures in GRI 305: Emissions 2016. Additionally, it includes a substantial update to GRI 306: Effluents and Waste 2016 disclosures on significant spills – to encompass emergency preparedness, prevention and response for all critical incidents (regardless of whether they are related to pollution)”
GRI’s frameworks are often influential on governments mandating sustainability disclosures. Especially in the EU, where GRI’s definition of “impact materiality” was ultimately used in the Corporate Sustainability Reporting Directive (CSRD). GRI’s new focus on pollution may inspire similar standards from national regulators.
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