When was the Global Reporting Initiative (GRI) founded?

The Global Reporting Initiative (GRI) was founded in 1997, marking a significant step in promoting transparency and accountability in sustainability reporting. The organization's establishment aimed to provide a framework for companies to report their economic, environmental, and social performance, thereby fostering responsible business practices and informing stakeholders about corporate impacts.

The choice of 1997 highlights the commitment to creating standardized reporting guidelines that can be utilized globally, helping organizations communicate their sustainability efforts effectively. This foundation set the stage for the development of diverse GRI Standards that have since evolved to meet the growing demand for transparent and sustainable business practices across various sectors.