May 19, 2021
Sharper focus on sustainability in sectors

Public comment open for two draft GRI Sector Standards – covering agriculture, aquaculture, fishing, and coal

In order to gather feedback on two proposed new Standards under GRI’s Sector Program, a consultation program has been launched, which will bring about greater transparency within the above mentioned sectors due to focusing attention on the sustainability issues that matter most.

Adding to the Oil and Gas Sector Standard, which is currently being finalized, the GRI Global Sustainability Standards Board (GSSB) has announced exposure drafts for:

  • An Agriculture, Aquaculture and Fishing Sector Standard, which cover the affects on biodiversity and natural ecosystems; climate change adaptation; plant and animal health; food security and safety; economic inclusion; and labor standards.
  • Coal Sector Standard, which address how companies respond to low-carbon transition, while drawing attention to impacts on local communities; environmental risks management; payment transparency; and ownership disclosures.
 

The period (till 30 July) for public comment for the two draft Standards –– has set the target to ensure they deliver the global best practice for sustainability reporting in these sectors. The exposure drafts have been independently developed by expert groups, taking account of intergovernmental instruments and sector-related evidence.

«Inclusive and multi-stakeholder engagement is at the heart of GRI’s standard setting, therefore I encourage organizations and individuals from around the world to contribute to the public comment period for these two draft Sector Standards. Standards for coal, agriculture, aquaculture and fishing are among those being prioritized because these sectors have significant impacts – on areas such as climate change, biodiversity and human rights. Yet our ambition goes much further, with future plans for Standards that cover all major sectors. The Sector Program will enhance the GRI Standards by helping companies within sectors deliver consistent and decision-useful reporting, while encouraging dialogue with other organizations and stakeholders on how to address shared sustainability challenges.»,-Judy Kuszewski, Chair of the GSSB.

This period of public comment gives an opportunity to provide feedback on the clarity, feasibility, completeness and relevancy of the content in the exposure drafts. Final versions of the two new Standards are set to be published in 2022.

Source: GRI