IFRS Foundation and GRI issue joint statement on achieving efficiency in sustainability reporting
IFRS Foundation and GRI issue joint statement on achieving efficiency in sustainability reporting
The IFRS Foundation and the Global Reporting Initiative (GRI) have reaffirmed their commitment to delivering a complementary global sustainability reporting system, issuing a joint statement to clarify how their respective standards can be used together. The statement explains how outputs from the GRI’s Global Sustainability Standards Board (GSSB) and the IFRS Foundation’s International Sustainability Standards Board (ISSB) can be combined to meet the needs of both investors and a broader range of stakeholders, while avoiding unnecessary duplication.
The statement highlights areas of alignment in disclosures and emphasises that GRI and ISSB standards serve distinct but complementary purposes. It also outlines ongoing collaboration initiatives aimed at improving efficiency for preparers applying both frameworks.
The joint statement may be accessed here.
The statement highlights areas of alignment in disclosures and emphasises that GRI and ISSB standards serve distinct but complementary purposes. It also outlines ongoing collaboration initiatives aimed at improving efficiency for preparers applying both frameworks.
The joint statement may be accessed here.