Johannesburg — THE number of companies across the world reporting on their sustainability has risen markedly over the past year.
The Global Reporting Initiative (GRI) is now aware of more than 1000 organisations worldwide that issued sustainability reports based on the GRI guidelines last year. This is the highest number yet achieved. The figure represents an increase of 46% on the 2007 figure of 685.
The GRI guidelines set out the principles and indicators that companies can use to measure and report on their economic, environmental and social performance. The guidance continues to evolve through a process in which representatives from business, finance, labour, civil society, academia and others seek consensus on a common framework for reporting on a number of issues, such as greenhouse gas emissions, labour standards and human rights.