Climate Disclosure Standard Board (CDSB) wrote in this relation:
The Global Reporting Initiative (GRI) is one of the key organisations working towards supporting sustainable decision making. An audience poll during their conference in May showed that 55% of the participants believed that investors would be the biggest consumers of sustainability information over the next 5 years. Which one of the reasons why getting sustainability reporting right has never been more vital.
The launch of the GRI standards last week was a positive step in the right direction. The standards do not change reporting requirements. But they do move past “box ticking” and the standalone sustainability report.
Companies can now make a GRI-referenced claim and report sustainability information which is material to investors, in their mainstream report. Other content can then be communicated on the company website or in a separate sustainability review or report.
Furthermore, the new GRI Standards support companies seeking to comply with the CDSB Framework. They do this by providing reliable, accurate, consistent and comparable information for use in the mainstream/integrated report.
By combining non-financial information with financial information in the mainstream report, companies can demonstrate how sustainability is integrated into the company’s overall strategy, risk assessments and performance measures.
That’s why we welcome the launch of the GRI Standards as a valuable resource supporting mainstream corporate reporting. We are confident that this will enhance sustainable decision making, and improve corporate performance. We look forward to working with the Global Sustainability Standards Board (GSSB) to help communicate the complementarity of different reporting approaches to report preparers and users.
ESG Insight would like to add: It seems like GRI still have not ensured comparability for the investor, since it is still up to the individual corporate to define, what they report on via the materiality assessment. Thus, there are still no minimum requirements, whereby the bare necessity to establish comparable reporting is still missing.
See the new standard here