Global Reporting Initiative and Carbon Disclosure Project get closer
The Global Reporting Initiative (GRI) and the Carbon Disclosure Project (CDP) are the 2 main tools businesses utilize to report their GHG emissions. The GRI provides standards for companies that want to report on their environmental, social or corporate governance performance, and is used by more than 1,300 organizations from 64 countries. The CDP scores companies on their responses to a questionnaire that evaluates their GHG emissions reporting, and poll over 2,500 organizations.
In total, more than 3,400 different companies report on their sustainable or climate change data using one or the other mechanism. As climate change reporting has become strategic for companies, they will become increasingly transparent on this topic and use reporting tools and standards. But the overlap between GRI’s indicators and CDP’s questions created an important need for standardization. A first step has been made as the GRI and CDP created a document that linked comparing indicators and questions and simplifies the practice.
The document includes a table that, “compares the relevant indicators and questions and reveals the similarities as well as the disparities,” says the GRI. “This will enable reporters to use or adapt the same data in both reporting processes”. The report is available to download at the end of this news.
On the long term, both organizations plan to keep collaborating and aligning their tools: the GRI wants to align its Reporting Framework on CDP’s guidelines and CDP will take into account the results of the linkage document when preparing the 2011 Questionnaire. This collaboration will help to progressively create a unique standard that will serve as a basis for stakeholders to compare companies’ CSR actions, contributing to a virtuous competitive circle.