What are the key differences between ESG frameworks?

What are the key differences between ESG frameworks?

There are several ESG frameworks, such as GRI, SASB, and TCFD. Each has different focuses; for example, GRI emphasizes sustainability reporting, while SASB focuses on industry-specific metrics.

Can you explain what GRI and SASB stand for?

Sure! GRI stands for Global Reporting Initiative, which provides a comprehensive framework for sustainability reporting. SASB stands for Sustainability Accounting Standards Board, which develops standards for disclosing material sustainability information to investors.

Which framework is more widely used?

GRI is one of the most widely used frameworks globally, especially among large corporations. However, SASB is gaining traction, particularly in the U.S. investment community.

Are there any frameworks that combine elements from both?

Yes, some organizations adopt a hybrid approach, integrating elements from both GRI and SASB to meet diverse stakeholder needs.