Two of the leading global enablers for environmental, social and governance impact management and disclosure have joined forces to help organizations get more out of their reporting and assessment tools. This collaboration allows companies to optimize their contribution to a more sustainable future.
Enabling companies to connect the GRI Standards and B Impact Assessment
The GRI Standards are the world’s most widely adopted sustainability
reporting standards, while B Impact Assessment (BIA), from B Lab, is a
tool to help companies measure and manage their impact on their
stakeholders – their workers, customers, communities, and the
environment.
A new publication – Complementary Use and Linkage of the GRI Standards and BIA
– enables any company to explore how the two approaches align, and how
to leverage data from their GRI sustainability report with B Lab’s
impact report, or vice versa.
While fulfilling different purposes, GRI reporting and B Lab’s BIA
both help companies increase awareness and transparency on their
impacts. Bringing these insights together can unlock a more holistic
approach to how impacts are disclosed and managed.
As GRI Chief of Standards, Bastian Buck, explains:
“Both GRI and B Lab share the strong belief that a deep understanding
of impacts is the enabler for change. Bringing together our unique
strengths can further empower companies around the world to effectively
communicate how they are impacting people and planet.
Using the GRI Standards to inform the BIA will increase access to the
quality data organizations need to improve their sustainability
performance. Many businesses completing a BIA already use GRI for their
reporting. This linkage resource will help streamline reporting
requirements while encouraging action in support of sustainable business
practices.”
Dan Osusky, Director of Standards at B Lab, said:
“Too often organizations marching towards the same goals find
themselves working in silos. By creating a linkage between B Lab's BIA
and the GRI Standards, businesses are now able to actively manage their
impacts as well as report on those impacts with two best in class
frameworks.
While this work is a powerful step in allowing businesses to
understand and efficiently use both tools side by side, we look forward
to continuing this partnership to identify further opportunities for
collaboration in order to achieve our collective vision of an inclusive,
equitable, and regenerative economic system.”
The linkage document, which has been published with support from Porticus, marks the first step in a partnership between GRI and B Lab.
The publication addresses interconnections and differences between
GRI and the BIA. A detailed, two-way mapping resource is included,
providing practical assistance to identify correlations between BIA
impact areas and indicators and GRI topics and disclosures.
B Lab
is transforming the global economy to benefit all people, communities,
and the planet. A leader in economic systems change, our global network
creates standards, policies, and tools for business, and we certify
companies – known as B Corps – who are leading the way. To date, the
community includes nearly 4,000 B Corps in over 70 countries and 150
industries, and over 100,000 companies manage their impact with the B Impact Assessment and the SDG Action Manager.
The GRI and BIA linkage document is the latest example of the support GRI provides for organizations to connect their GRI sustainability reporting with other frameworks, standards and tools, reducing the reporting burden on business.
GRI
© GRI - Global Reporting Initiative
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