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Recent sustainability reporting developments

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08 Apr 2016

A summary of recent developments at the GRI and SASB.

The Global Reporting Initiative (GRI) has announced the formation of a Due Process Oversight Committee (DPOC). The DPOC will ensure that the activities of GRI's Global Sustainability Standards Board (GSSB) are conducted in accordance with its due process, which is crucial for ensuring public and stakeholder confidence that GRI standards are being appropriately developed in the public interest. Please click to access a corresponding press release on the GRI website.

After completing provisional standards for 79 industries in 10 sectors, the US Sustainability Accounting Standards Board (SASB) has launched its next phase of standards development and will enter a period of consultation on the provisional standards and proposed process to codify and maintain them. To this end, the SASB is consulting on three key documents — the SASB Rules of Procedure, the SASB Conceptual Framework, and proposed changes to its Sustainable Industry Classification System —  for a 90-day public comment period. Please click to access a corresponding press release on the SASB website.

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