What are the key differences between various reporting frameworks?

What are the key differences between various reporting frameworks?

There are several reporting frameworks, such as GRI, SASB, and TCFD. Each has different focuses; for example, GRI emphasizes sustainability, while SASB targets financial materiality.

Can you explain what GRI and SASB stand for?

Sure! GRI stands for Global Reporting Initiative, which provides standards for sustainability reporting. SASB stands for Sustainability Accounting Standards Board, focusing on sustainability metrics that impact financial performance.

Which framework is better for a tech company?

It depends on your goals. If you're focusing on sustainability, GRI might be better. If you're looking at financial impacts, SASB could be more suitable.

Are there any frameworks that combine both approaches?

Yes, some companies use integrated reporting frameworks that combine financial and sustainability reporting, like the International Integrated Reporting Framework.