What is the key focus of the upcoming GRI global standards?

The key focus of the upcoming GRI global standards is greater alignment with international sustainability frameworks and advanced metrics. This emphasis is crucial as it aims to improve the comparability and coherence of sustainability reporting across different organizations and sectors around the world. By aligning with other international frameworks, such as the United Nations Sustainable Development Goals (SDGs) and other recognized sustainability standards, GRI facilitates a more unified approach to reporting that stakeholders can understand and utilize effectively.

The incorporation of advanced metrics also plays a critical role in enhancing the quality of sustainability reports. This allows organizations to provide more detailed and nuanced information about their environmental, social, and governance (ESG) impacts, thereby improving transparency and accountability. As businesses and stakeholders increasingly seek actionable insights, having advanced metrics can support more strategic decision-making and benchmark progress toward sustainability goals.

In contrast, the other options do not align with the overarching objectives of the GRI standards. Limiting reports to national contexts would hinder global comparability and understanding, while expanding the definitions of sustainable practices could dilute focus rather than enhance it. Focusing solely on economic performance would overlook the comprehensive nature of sustainability that encompasses environmental and social dimensions alongside economic considerations.