GRI forms new governance structure
06 Nov 2014
The Global Reporting Initiative (GRI) has revealed a new structure intended to further strengthen the independence of GRI's standard-setting activities, whilst upholding the organisation's global multi-stakeholder principle. A separate governance structure for standard-setting will be implemented and three new bodies will be created.
The reform of the GRI structure, which will be implemented by 31 January 2015, has six main objectives:
- Standard-setting activities and all other organisational activities are to be strictly separated.
- The global multi-stakeholder principle is to be kept.
- The due process for standards development is to be strengthened.
- An independent public funding base for GRI's standard-setting activities is to be established (separate from the funding of other organisational activities).
- All meeting agendas, papers and minutes are to be made available on the website.
- A separate governance structure for standard-setting is to be implemented.
The separate governance structure to be implemeted will include three new bodies. The Global Sustainability Standards Board (GSSB) will develop and approve the Sustainability Reporting Standards; the Due Process Oversight Committee (DPOC) will safeguard the application of the due process protocol; the Independent Appointments Committee (IAC) will appoint qualified, independent individuals to the GSSB and DPOC.
Please click for more information in the press release on the GRI website.
