12 February 2020

Global Reporting Initiative: Sustainability reporting at center of EU’s Green Deal

The GRI welcomes the European Green Deal as a global game changer that other economies should follow. With ambitious legislative changes backed by €1 trillion investment over the next decade, the EU is signalling leadership in efforts to advance sustainable development and tackle climate change.

GRI chief executive Tim Mohin said: 

“Sustainable development is a singular and indisputable global priority. One important catalyst to a sustainable future is transparency: the ability for all stakeholders to evaluate the impacts and benefits of corporate activities. Sustainability disclosure was pioneered by GRI over twenty years ago and now is a fixture in nearly every multinational enterprise. 

But more must be done. We are just ten years from the deadlines to achieve the Sustainable Development Goals and need to accelerate progress under the Paris Climate Agreement. I applaud the leadership shown by the European Commission, which is now moving with urgency by committing €1 trillion to fund the transition.

While the EU Non-Financial Reporting Directive has been successful, we believe reporting must improve. We stand ready to work with the EU to cooperate on these improvements, but we must not reinvent nor move backwards. 

Full press release on GRI

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