In a recent collaborative move, the European Financial Reporting Advisory Group (EFRAG) and the Global Reporting Initiative (GRI) released a joint statement emphasizing the importance of interoperability in non-financial reporting. Recognizing the need for cohesion in sustainability standards, both entities have come together to ensure that information is consistent, comprehensive, and conducive for users. Their collaboration highlights the necessity of uniting different frameworks and guidelines, ensuring businesses can effectively communicate their sustainability endeavors. This joint effort not only solidifies their commitment to a sustainable future but also streamlines the reporting process for entities across Europe and beyond.
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EFRAG-GRI JOINT STATEMENT OF INTEROPERABILITY
EFRAG and GRI are pleased to confirm that they have achieved a high level of interoperability between their respective standards in relation to impact reporting.
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