GRI Seeks To Clean Up Reporting on Pollution

July 08, 2024 10:30 PM AEST | By 3BL
 GRI Seeks To Clean Up Reporting on Pollution
Image source: Kalkine Media

July 8, 2024 /3BL/ - GRI has started the recruitment of an expert working group to guide the development of new reporting standard(s) on pollution.

Pollution of air, water and soil severely impacts the environment, biodiversity, human health, and quality of life. According to the World Health Organization, air pollution alone in cities and rural areas caused an estimated 4.2 million premature deaths worldwide in 2019. Furthermore, pollution can generate large-scale irreversible environmental damage posing serious threats to ecosystems, plus welfare losses that equate to over 6% of global GDP annually.

The working group recruitment process is open until 18 August. The group will comprise representatives from the five GRI constituencies: business enterprise, investment institutions, labor organizations, mediating institutions, and civil society. Experts are being sought with backgrounds in reporting on air and soil pollutant emissions, hazardous substances, and critical incident management.

The project will look at all related impacts from a holistic perspective, including air, soil, water and other pollution-related dimensions. The Pollution Working Group will take forward the revision of existing disclosures, such as those on ozone-depleting substances, nitrogen and sulphur dioxides, and significant spills – as well as developing additional ones. The revised and new disclosures will lead to new Topic Standard(s) related to pollution. Furthermore, a supporting guidance document will be produced to help organizations and stakeholders navigate GRI disclosures on pollution.

Bastian Buck, Chief Standards Officer, said: 

“For decades, there has been a lack of transparency on pollution and its harmful effects on people’s health, the environment and the planet. Against this backdrop, the Global Sustainability Standards Board instigated a review of GRI’s existing pollution disclosures and the creation of new ones, recognizing the need for more effective reporting by governments, businesses and other organizations. 

The next stage in this important and timely project is to recruit members who can bring a wide range of multistakeholder perspectives to join our Working Group and lead the work to create disclosures in support of reporting on pollution. The global call for applicants is now open and I encourage anyone with relevant expertise to apply.”

Global Reporting Initiative (GRI) is the independent, international organization that helps businesses and other organizations take responsibility for their impacts, by providing the global common language to report those impacts. The GRI Standards are the world’s most widely used sustainability reporting standards, which are developed through a multi-stakeholder process and provided as a free public good.


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (“Kalkine Media, we or us”), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary.
The content published on Kalkine Media also includes feeds sourced from third-party providers. Kalkine does not assert any ownership rights over the content provided by these third-party sources. The inclusion of such feeds on the Website is for informational purposes only. Kalkine does not guarantee the accuracy, completeness, or reliability of the content obtained from third-party feeds. Furthermore, Kalkine Media shall not be held liable for any errors, omissions, or inaccuracies in the content obtained from third-party feeds, nor for any damages or losses arising from the use of such content.
Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyrighted to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have made reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.
This disclaimer is subject to change without notice. Users are advised to review this disclaimer periodically for any updates or modifications.


AU_advertise

Advertise your brand on Kalkine Media

Sponsored Articles


Investing Ideas

Previous Next
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.