SmartHead Is Now The Official GRI Software And Tool Partner

The overall development of business and its influence on our planet in past decades, especially in recent years, has brought the attention of stakeholders and policymakers to the issues of corporate sustainability.
Trends of S&P 500 sustainability reporting
This shift increased demand for transparent disclosure of companies’ Environmental, Social and Governance (ESG) reports that are now not only expected by stakeholders, but soon will be required by upcoming EU legislation. For example, the incoming Corporate Sustainability Reporting Directive (CSRD) will require approximately 50,000 EU companies to report their impact on society and the environment (ESG reporting). Companies will have to start disclosing this data in accordance with CSRD from 2024 (with data from 2023).
We at SmartHead know that ESG reporting has not always been smooth sailing and there are still several standards for non-financial reporting. For this reason, SmartHead has decided to undergo the official certification process with the Global Reporting Initiative (GRI) and GRI standards – used by 73% of the G250 (250 world’s largest companies) and 67% of the N100 (100 world’s largest companies) in 52 countries.[1] We are proud to announce that as of Q1 2022, SmartHead is the official GRI Software and Tool partner.
SmartHead is Now the Official GRI Software and Tool Partner
What does the official GRI Software and Tool Partner certification mean for SmartHead’s clients?

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.

SmartHead ESG Reporting
With the SmartHead software, using the GRI Framework, and being the official GRI Software and Tool Partner, our clients gain multiple benefits:
SmartHead ESG Reporting
For more information about ESG reports and the SmartHead software, visit our website.
What is a GRI?

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]

What are the GRI standards?

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.

If you want to find out more about how digitalising your ESG reporting can benefit your business