Gri is an international independent organization that has pioneered corporate sustainability reporting since 1997. Companies need more carrot and less stick to accelerate sustainability stick is very effective, writes tony juniper, but responding to it can be costly for business. Orange may be their bestknown color, but they also come in other hues, including purple, yellow, red, and white. The global reporting initiative gri the global reporting initiative gri promotes the use of sustainability reporting as a way for organizations to become more sustainable and contribute to a sustainable global economy. One of the key points our 2016 research identifies is the surge in sustainability reporting instruments in place.
Global trends in sustainability reporting regulation. The framework is supported by a tool for assembling an overview of a national public policy across. Carrots and sticks sustainability reporting policies worldwide todays best practice, tomorrows trends. This report assesses developments in sustainability reporting regulation and policy across 71 countries and identifies a. Personal mastery public policy scenario planning strategy sustainability. Pdf carrots and sticks sustainability reporting policies. Welcome to the third carrots and sticks, produced by the same project team as the previous editions unep, gri, kpmg and the centre for corporate governance in africa. The reporting framework consists of the gri g3 sustainability reporting guidelines, sector supplements, and protocols, and is considered the authoritative guidance on reporting. Grios mission is to make sustainability reporting standard practice. It is exciting that in the three years since the last edition, the practice of sustainability reporting, and public policy and regulation in the field, have increased sharply. Its sustainability reporting guidelines have been widely taken up by companies and other organisations worldwide since the 2000s. Global trends in sustainability reporting regulation and policy found almost 383 reporting instruments that requires or encourages organizations to report on their.
Employees have fixed countless longterm software glitches and. Nonfinancial reporting regulation surges worldwide. The company reports that half of its new products got their start in the 20. Is competition between sustainability reporting standards. A carrotandstick approach to longterm sustainability. Carrots are root vegetables that were first grown in afghanistan around 900 ad.
The first edition covered standards in 19 countries, largely members of the organization for economic cooperation and development oecd. If you wish to produce a gribased report, learning publications should be used as helpful tools to guide or organize the process, but any specific references to use of the gri reporting framework as the basis for the report should be made with respect to the gri g3. Emas is a management tool for companies and other organizations, requiring them to evaluate, report and improve their environmental performance. Research shows that carrots and sticks can still play a role in motivating performance of. Not surprisingly, sustainability reporting has attracted the attention of regulators, and a variety of different regulatory approaches has evolved, mostly voluntary, and some mandatory. Singapores sustainable water policy offers a useful model for sustainable development. It is a key element of sustainability management and a powerful driver of internal change. This website contains a database of mandatory and voluntary instruments that either require or encourage organizations to report sustainabilityrelated information.