The Global Compact and the Global Reporting Initiative (GRI) announced a new agreement that will see shared outreach, pilot programs, performance models, and technical activities aimed at elevating corporate involvement in sustainable development.
The agreement articulates the linkage between the Compact’s nine human rights, labour, and environmental principles and GRI’s emerging global standard for sustainability reporting. The goal of collaboration is to embed the Compact’s principles into day-to-day business operations while measuring and reporting performance with the GRI framework.
The new agreement strengthens collaboration first announced in December 2001, and builds on a new strategic approach for the GC. The GC recently announced that participating companies—in exchange for the GC’s elimination of the formal requirement of annual submissions—should use their annual report or other prominent public report (e.g., sustainability report) to describe actions that demonstrate progress toward implementation of the GC principles.
For more information, please see the full press release.