Tofuture has successfully completed the Standards certification process managed by Global Reporting Initiative. For now on CSM customers are able to shift from old GRI G4 reporting guidelines into new GRI Standards world with CSM easily, reliably and effectively.
GRI published the new Standards reporting guidelines in October 2016. The main goals were to develop a more flexible, more credible and more future-proofed structure for new Standards as well as giving a sustainability reporting model that better concentrates on companies’ business impacts on surrounding societies. Also some of the terms from G4 world have been simplified or revised, which reduces mixed interpretations and false assumptions.
The content from the G4 guidelines has been restructured into a set of modular, interrelated reporting standards including Universal Standards, GRI 101: Foundation, GRI 102: General Disclosures, GRI 103: Management Approach and three topic-specific Standard series; Economic (200), Environmental (300) and Social (400) topics.
“The GRI Standards are designed to be used as a set for preparing a sustainability report. Similarly to G4, there will be two options for preparing a report ‘in accordance’ with the Standards: a Core and a Comprehensive option.”
The modular structure enables an effective and fast updating work related to Standards: Now the updates can be made to one specific Standards and not the whole guideline as before.
Companies can start using the new Standards even for upcoming reporting year 2017. According to GRI:
“The GRI Standards will be effective for reports or other materials published on or after 1 July 2018. The G4 Guidelines will remain valid until then.”