Analysis

UN Global Compact and Global Reporting Initiative announce new collaboration (May 2010)

May 2010

In an effort to strengthen the quality of sustainability reporting in the corporate sector, the United Nations Global Compact and the Global Reporting Initiative (GRI) have announced their collaboration in advancing corporate responsibility and transparency.

According to the agreement, GRI will use its expertise in developing guidance regarding the Global Compact's ten principles and issue areas to integrate centrally in a next iteration of its Sustainability Reporting Guidelines, a comprehensive framework developed to facilitate transparency and accountability for businesses and other organizations seeking to disclose their environmental and social performance. Meanwhile, Global Compact will adopt the GRI Guidelines as the recommended reporting framework for the more than 5800 businesses that have joined the world's largest corporate responsibility platform. More here.

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