What are some examples of reporting frameworks?

What are some examples of reporting frameworks?

There are several reporting frameworks, such as the Global Reporting Initiative (GRI), Sustainability Accounting Standards Board (SASB), and Integrated Reporting Framework (IR). Each serves different purposes in sustainability and financial reporting.

Can you explain the GRI framework?

The GRI framework provides guidelines for organizations to report on their economic, environmental, and social impacts. It helps stakeholders understand the sustainability performance of an organization.

How does the SASB framework differ from GRI?

SASB focuses on financially material sustainability information for investors, while GRI is broader and addresses a wider range of stakeholders, including the public and communities.

What is the Integrated Reporting Framework?

The Integrated Reporting Framework combines financial and non-financial information to provide a holistic view of an organization's performance, emphasizing value creation over time.

Which framework is best for small businesses?

For small businesses, the GRI framework can be a good starting point due to its flexibility and focus on sustainability, but it’s essential to choose a framework that aligns with the business's specific goals and stakeholder needs.