New Standard Shows Dual Approach to Companies’ ESG Reporting

A new sustainability reporting standard for agriculture shows how different approaches to sustainability disclosure can work together, according to a leading voluntary standard-setter.

The Global Reporting Initiative, whose voluntary standards are the most widely used by companies throughout the world, released the new standard—GRI 13: Agriculture, Aquaculture and Fishing Sectors 2022—on Tuesday. GRI’s standards require that companies report their impact on wider society, in contrast to those being drawn up by the International Sustainability Standards Board, which is writing mandatory global disclosure rules aimed at financial investors based on existing standards from the Sustainability Accounting Standards Board. SASB is ...