GRI Standards are developed through what type of stakeholder process?

The development of GRI Standards is a multi-stakeholder process, which ensures that various perspectives and interests are represented in the formulation of global sustainability reporting guidelines. This approach involves engaging a diverse group of stakeholders, including businesses, civil society organizations, labor representatives, and governments, among others. By incorporating input from these diverse entities, the GRI aims to create standards that are relevant and applicable across different sectors and regions, promoting transparency and accountability in sustainability reporting.

In a multi-stakeholder process, stakeholders can voice their opinions and concerns, contributing to a more comprehensive understanding of sustainability issues. This collaboration not only enhances the legitimacy and credibility of the GRI Standards but also facilitates the adoption and implementation of these standards by organizations worldwide. The involvement of multiple stakeholders reflects a commitment to inclusivity and the acknowledgment that sustainability is a shared responsibility that requires cooperation across various sectors.