Articles / 3

The Global Reporting Initiative (GRI) provides widely adopted sustainability reporting standards, used by over 14,000 organizations globally, to disclose economic, environmental, and social impacts through Universal, Sector, and Topic Standards . Organizations can report "in accordance" with or "with reference" to GRI Standards, following a structured process to determine material topics.

The SASB Standards provide industry-specific, investor-focused sustainability reporting guidelines across 77 industries, emphasizing financial materiality. Adopted globally and now integrated into IFRS Sustainability Disclosure Standards, they offer a framework for identifying material sustainability topics and metrics.

Financial materiality focuses on how sustainability factors affect a company's financial performance and value, while impact materiality considers the company's effects on the environment and society, regardless of immediate financial implications.

Financial materiality focuses on how sustainability factors affect a company's financial performance and value, while impact materiality considers the company's effects on the environment and society, regardless of immediate financial implications.