Authorised IMDS & CDX Training & Consulting partner for
- 42,500 companies to report impacts aligned with GRI and ESRS standards.
- Comprehensive resources provided for CSRD compliance.
- Enhanced global relevance through collaboration with ISSB and other jurisdictions.
With comprehensive disclosure requirements now applying to tens of thousands of companies under the EU Corporate Sustainability Reporting Directive (CSRD)
An in-depth publication from GRI reveals a high degree of interoperability between the European Sustainability Reporting Standards (ESRS) and GRI Standards. Key points include:
- Collaboration with EFRAG: GRI’s partnership with EFRAG will see 42,500 companies publishing impact reports through ESRS, aligned with GRI Standards.
- Support for Reporters: GRI provides an interoperability index, mapping table, training courses, and report services to help organizations meet CSRD requirements.
- Continued Cooperation: A renewed MoU between GRI and EFRAG commits to deeper cooperation on standard-setting and capacity building.
Most large companies, both in the EU and globally, already report using GRI. This alignment ensures they can apply existing practices to meet ESRS requirements, future-proofing the relevance of GRI Standards in the EU. Additionally, GRI’s engagements with the IFRS Foundation and other jurisdictions reinforce the global benefits of impact reporting with GRI.
New initiatives include:
- GRI-ESRS Linkage Service: Offers feedback to reporting organizations on aligning a GRI sustainability report with ESRS.
- GRI Academy Courses: New training focused on ESRS will be available this year.
- Top 10 Summary: A concise version of the GRI-ESRS Q&A is also available.
The CSRD requirements apply to 42,500 companies as of January 2024, including large EU companies and those listed on European stock exchanges. Some large non-EU companies will be included from 2028.
European businesses primarily employ GRI criteria when reporting on sustainability. Reporting on all material impacts, risks, and opportunities is required by ESRS. Companies can use GRI reporting to bridge any gaps in coverage, such as in tax or industry-specific rules, in order to achieve complete compliance.
An agreement was made in 2021 between GRI and EFRAG to jointly build the first set of ESRS. The benefits of alignment between ESRS and GRI Standards are substantiated in a new cooperation agreement signed in November 2023, which also pledges continued technical support for reporting businesses.
In a joint statement released in September 2023, EFRAG and GRI reaffirmed the high level of compatibility between the ESRS and GRI Standards.
GRI, the Lefebvre Sarrut Group, and Pascal Durand (MEP and CSRD Rapporteur) released CSRD Essentials in May 2024. It is a free guide for putting the new EU law into practice.
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