Enhanced corporate reporting using the GRI Standards and Circulytics. Organizations can now link the world’s leading sustainability reporting standards with an innovative tool for measuring their progress towards the circular economy.
GRI 306: Waste 2020
is the first globally applicable reporting standard for companies to
provide a complete picture of waste impacts along their value chain. Circulytics
from the Ellen MacArthur Foundation – the global thought leader for the
circular economy – is a tool that enables any business to assess
circular economy performance in its operations.
The Circulytics and GRI 306 linkage document
provides an overview of the disclosures in the GRI Waste Standard and
maps them against the relevant Circulytics indicators. This enables
companies to use the data they already collect for their GRI reporting
to complete a Circulytics assessment, providing results that can enhance
sustainability reporting. Access to the GRI Standards and Circulytics
are both free of charge.
“The GRI Standards enable organizations to communicate their
impacts in a way that is globally comparable, creating information that
can be used by companies and their stakeholders for multiple purposes.
When it comes to understanding waste impacts, circularity is a central
focus of the GRI Waste Standard. There are strong parallels between GRI
306 and the Circulytics tool. We would encourage organizations to assess
the benefits that come from adopting circular economy practices, as
supported by combining GRI reporting on waste with the metrics and
insights from Circulytics.”
Anna Krotova, Senior Manager – Standards, GRI
“We think it is important that Circulytics users can collect
relevant data from the reporting they already do, to avoid added
workload. Therefore, since many companies globally use the GRI Standards
in their non-financial reporting, we decided it was important to map
the Circulytics indicators to GRI 306 and will continue to do so with
other GRI Standards where there is an overlap.”
Nikki Kapp, Project Manager, Data and Metrics, Ellen MacArthur Foundation
How does Circulytics work?
- Circulytics was developed as a comprehensive measurement tool for
the circular economy, looking beyond products and material flows
- A company submits responses against a set of indicator questions,
leading to a scorecard on circular economy performance, at the company
level
- The results can inform decision making and strategy development on
circular economy transition, with opportunities to share the scoring
with investors and customers
What are the key features of GRI 306?
- This Standard supports reporting on the waste-related impacts of
activities, products and services, enabling organizations to identify
circularity and waste prevention opportunities
- Companies are encouraged to assess waste throughout the value chain,
identifying management decisions and actions that lead to a fundamental
re-design of their business model and operations
- Published in May 2020, it updates previous GRI disclosures on waste,
responding to global concerns about increases in waste generation and
the associated sustainability impacts
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© GRI - Global Reporting Initiative
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