This is the first update of the 2016 STANDARDS version. The years 2016-18 were a transition period – it was still possible to report in accordance with the G4, but STANDARDS was also available (although not required).
In the same way, GRI is encouraging the reporting organizations to use the 2018 version which will fully replace the 2016 original in 2021.Nevertheless, GRI writes:
“This Standard is effective for reports or other materials published on/after 1 January 2021. Earlier adoption is encouraged.”
The new version of the set of indicators is the result of public consultations that started in 2017.
In accordance with due process, GSSB (the Global Sustainability Standards Board) – as GRI’s independent standard-setting body – has selected experts deliberated and recommended updates in 2017-2018. The members of Project Working Groups represent diverse, multi-stakeholder backgrounds, bringing a combination of relevant knowledge and experience.
In the future, we can expect further issues to be consulted within working groups coordinated by the international GRI community.
In the case of OHS, the Standard has been revised to focus on the presence of robust occupational health and safety management systems, and the processes and programs that prevent harm and promote worker health.
The number of water-related indicators increased from 3 to 5, however, the biggest change is the introduction of tables that can be used by the reporting entity as a template to present data.
See more details on GRI website
The development of the new version proves that non-financial reporting is alive – as an element of communication – and constantly changing to respond to the greatest extent to the expectations of the market.
This is how we think about Diaphane Software as well – as a tool that is flexible and can be adapted to both the changing versions of the guidelines and the specificity of the organization that monitors and discloses ESG data.
We will help you to create an effective data collection process and choose the scope of reported indicators and the way content is presented.
How? By combining CSR advisory competences from the ESG area with the skills in creating intuitive IT tools for business.