The Global Reporting Initiative (GRI), alongside 11 leading organizations in sustainable finance and corporate reporting, has called on UN Member States to uphold key sustainability disclosure provisions in the negotiations for the Fourth International Conference on Financing for Development (FfD4).
In a joint public letter, the coalition urges governments to retain provisions on double materiality-based reporting in the Zero Draft Outcome document. They also advocate for the adoption of GRI and ISSB standards in parallel, highlighting their complementary and interoperable approach to corporate sustainability reporting.
Key Concerns and Recommendations
Harmonized sustainability standards can expand market access, strengthen financial stability, reduce costs, and enhance competitiveness.
Addressing concerns from developing economies, the letter argues that sustainability disclosures should be seen as an enabler for mobilizing capital rather than a burden.
A transparent, interoperable reporting framework will support responsible investment and align capital with sustainable growth.
Global Support for Sustainability Reporting
The letter is co-signed by:
B Lab, Capitals Coalition, CDP, Danish Institute for Human Rights, GSG Impact, International Trade Union Confederation, Social Value International, Shift, UNI Global Union, and the World Benchmark Alliance.
“Now is the time to strengthen the foundations of a global sustainability reporting system that benefits businesses, society, and the environment.”
— Peter Paul van de Wijs, GRI Chief Policy Officer
| Find out more here. |
