What is the main purpose of GRI standards?

The main purpose of GRI standards is to guide organizations in sustainability reporting. These standards provide a comprehensive framework for organizations to disclose their environmental, social, and governance (ESG) impacts, allowing for greater transparency and accountability in their sustainability practices. By adopting GRI standards, organizations can systematically report on their practices and performance, facilitating informed decision-making by stakeholders, including investors, customers, and regulatory bodies.

This structured approach to reporting helps organizations to communicate their sustainability efforts effectively and align their disclosures with global best practices, thus improving their overall sustainability management. The standards encourage organizations to consider the expectations and needs of various stakeholders while reporting, leading to more meaningful and relevant sustainability disclosures.