Global Reporting Initiative (GRI) Sustainability Standards
The GRI sustainability reporting standards consist of:
- Universal Standards - apply to all organizations
- Sector Standards - apply to specific sectors and guide disclosures and identification of material topic
- Topic Standards - set out specific reporting requirements for various topics
The initial set of GRI Standards came into effect in 2016, with additional standards and updates introduced in subsequent years.
Who’s impacted?
The GRI standards are not required in Canada, the GRI sustainability reporting standards are voluntary.
What’s the latest?
The GRI standard setting board has established formal interoperability of GRI standards with international sustainability standards (ISSB) and European sustainability reporting standards (ESRS). Learn more here.
What do Canadian CPAs need to know?
While GRI standards are not mandatory in Canada, they are widely used globally by many companies. It is beneficial for CPAs to have a general understanding of GRI standards.
Where can I learn more?
For more information, please refer to our At a Glance - Sustainability Reporting Standards and Regulations.
You can also refer to: