1. GRI (Global Reporting Initiative)
– Scope: Comprehensive, covering economic, environmental, and social aspects.
– Location: Global, widely used internationally.
2. SASB (Sustainability Accounting Standards Board)
– Scope: Industry-specific, focusing on financially material sustainability factors.
– Location: Primarily U.S.-focused but gaining international recognition.
3. TCFD (Task Force on Climate-related Financial Disclosures)
– Scope:Emphasizes climate-related risks and opportunities for financial disclosure.
– Location:Global, applicable across industries.
4. ISO 26000 (International Organization for Standardization)
– Scope: Broad, covering social responsibility in various areas.
– Location: Global, used by organizations worldwide.
5. CDP (formerly Carbon Disclosure Project)
– Scope: Primarily environmental, focusing on climate change, water, and deforestation.
– Location:Global, widely adopted by companies and investors worldwide.
6. UN SDGs (United Nations Sustainable Development Goals)
– Scope:Broad and holistic, encompassing 17 global goals addressing social, economic, and environmental challenges.
– Location: Global, adopted internationally by businesses, governments, and NGOs.
7. IIRC (International Integrated Reporting Council)
– Scope: Encourages integrated reporting, considering financial and non-financial aspects.
– Location:Global, promotes a holistic approach to corporate reporting.
8. ESG Ratings and Indices (e.g., MSCI, FTSE4Good)
– Scope:Evaluates companies based on a range of ESG criteria.
– Location: Global, provides investors with benchmarks for sustainable investing.
9. Equator Principles
– Scope:Focuses on environmental and social risk management in project finance.
– Location:Global, particularly relevant for financial institutions involved in project financing.
10. SBTi (Science-Based Targets initiative)
– Scope:Concentrates on helping companies set science-based targets to limit global temperature rise.
– Location:Global, encourages organizations worldwide to align their emission reduction goals with climate science.
Consider the specifics of each standard or initiative when selecting the most suitable framework for your organization’s sustainability reporting and goals.
