The crucial thing while disclosing ESG data to stakeholders is to use a framework that ensures credibility, accuracy, and transparency of provided information. SmartHead understands the increasing demand for ESG reporting software and for several months has worked on the development, adjustment, and testing of the new enhancement of our product.
Now, through the SmartHead software, companies of all sizes will be able to manage, track, report, and deliver clear and comprehensive ESG reports from one place to all their stakeholders, whether policymakers, regulators, business partners, investors, or the general public. In addition, companies can decide if they want to keep their ESG data in private mode, for internal purposes only.
The Global Reporting Initiative (GRI) is an independent international standards organisation that helps companies, governments, and other organisations understand and communicate their impacts on issues such as climate change, human rights, and corruption. Since 1997, the GRI’s mission has been to help organisations be transparent, take responsibility for their impacts, and ensure that reporting on impacts will be a common practice by all organisations around the world.[2]
The GRI standards, created by the Global Reporting Initiative, are the world’s most widely used sustainability disclosure standards, enabling organisations of all sizes to report and understand their impacts on the economy, environment, and people.
As the GRI standards are the world’s most widely used framework with a multistakeholder approach for ESG reporting, data from these reports are highly relevant to all stakeholder groups – including business partners, policymakers, regulators, investors, and the general public.
In addition, in July 2021, GRI signed the Statement of Cooperation between EFRAG PTF-ESRS and GRI, announcing joined cooperation on creating the European Sustainability Reporting Standards (ESRS), the preliminary set of standards that will be a cornerstone of the Corporate Sustainability Reporting Directive.