triplepundit
July 12th, 2010

CDP and GRI Collaborate For More Streamlined CSR Disclosure
By Leon Kaye

Last week the Global Reporting Initiative (GRI) and the Carbon Disclosure Project (CDP) released a linkage document that demonstrates the growing collaboration between the two organizations. The 16-page document outlines how corporate social responsibility (CSR) reporters can use or adapt the same data for both reporting processes.

As more companies become transparent in disclosing their environmental, social, and governance (ESG) impacts to their shareholders, greater standardizing is needed. Collaboration between GRI and CDP, therefore, is an important first step. After all, GRI provides the standards for organizations by which they can perform their ESG performance; CDP scores responding companies based on their questionnaires’ responses.

Both organizations will use the document as a framework for improving their respective guidelines and questionnaires. CDP amends its annual questionnaire annually and can incorporate GRI standards into its framework. Likewise, GRI is working on a new iteration of its framework, and is exploring a new set of guidelines as it pushes for greater ESG and integrated reporting by the end of this decade.

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