Progress in the GRI and EFRAG Collaboration
Progress in the GRI and EFRAG Collaboration
The Global Reporting Initiative (GRI)- the European Sustainability Reporting Standards (ESRS) Interoperability Index, a collaborative effort between GRI and EFRAG, is now available for download. This index helps companies understand how GRI disclosure requirements align with the European Sustainability Reporting Standards (ESRS), preventing the need for double reporting. It reflects data points from the three ESRS Implementation Guidance documents, helping GRI reporters in meeting new EU requirements. The high degree of interoperability between GRI and ESRS ensures a smooth transition for GRI reporters to disclose with ESRS.
Additionally, the GRI Academy has launched a new course, 'Double Materiality Assessment under the ESRS,' as part of its ESRS Certification Program, providing comprehensive guidance on GRI-ESRS alignment.
The GRI and EFRAG teams are working together to align XBRL taxonomy efforts, facilitating a smooth transition from traditional reporting to digital platforms. This collaboration aims to enhance the accuracy and accessibility of sustainability data, making it comprehensive and easily interpretable for stakeholders.
The ESRS, applicable to over 42,000 companies as at January 2024, includes large EU companies and those listed on European stock exchanges.
The GRI and Sustainability Reporting in the EU Q&A further explores the implications of ESRS for GRI reporters.
More details are available in the press release.
Additionally, the GRI Academy has launched a new course, 'Double Materiality Assessment under the ESRS,' as part of its ESRS Certification Program, providing comprehensive guidance on GRI-ESRS alignment.
The GRI and EFRAG teams are working together to align XBRL taxonomy efforts, facilitating a smooth transition from traditional reporting to digital platforms. This collaboration aims to enhance the accuracy and accessibility of sustainability data, making it comprehensive and easily interpretable for stakeholders.
The ESRS, applicable to over 42,000 companies as at January 2024, includes large EU companies and those listed on European stock exchanges.
The GRI and Sustainability Reporting in the EU Q&A further explores the implications of ESRS for GRI reporters.
More details are available in the press release.