The update of the GRI Universal Standards in the ESG platform guarantees companies ESG reporting to the highest standard.
Synesgy updates the GRI Universal Standards
The update of the GRI Universal Standards in the ESG platform guarantees companies ESG reporting to the highest standard.
With the ESG platform Synesgy from CRIF, companies can easily evaluate themselves and their supply chains according to ESG criteria and in compliance with the rules.
A central element in the sustainability assessment is a special questionnaire that meets all the relevant global requirements and regulations. These include UNGC, GRI, UN 17 SDGs, EBA LOM and the EU Taxonomy for Sustainable Activities.
A two-stage concept guarantees reliability
The questionnaire is based on a two-stage concept. Questions from the first part – based on the Global Reporting Initiative (GRI) – relate to the company side with defined ESG principles in the areas of environment, social and governance.
The questionnaire on the ESG platform is a central element and fulfils all relevant and global requirements and regulations.
The second part of the questionnaire addresses industry-specific requirements. A distinction is made between 35 sectors.
In addition, the Synesgy questionnaire is certified by the CRIF Rating Agency (CRA), which is recognised at the European level.
GRI Universal Standards
The Global Reporting Initiative (GRI) ensures global sustainability reporting standards.
Universal Standards strengthen the foundations of all GRI reporting and ensure the greatest possible transparency with regard to the impact of companies on the economy, the environment and people.
The Global Reporting Initiative stands for global sustainability reporting standards.
The revised Universal Standards represent the most significant update since the standards were established in 2016.
The revision is based on a forward-looking approach that is designed to help companies in their reporting to respond to regulatory disclosure requirements, such as the EU directive on sustainability reporting by companies.
The Universal Standards 2021, which have been in force since 1 January 2023, comprise three standards in particular:
GRI 1: Fundamentals (replaces GRI 101:2016): introduces the purpose and system of GRI reporting and defines the key concepts, requirements and principles that all companies must comply with in order to report in accordance with the GRI Standards.
GRI 2: General Disclosures (superseding GRI 102:2016): updated and consolidated disclosures on reporting practices, activities and employees, governance, strategy, policies and practices, and stakeholder engagement.
GRI 3: Material Topics (replaces GRI 103: 2016): provides step-by-step instructions and revised information on how the company determines and manages its material topics.
The updated GRI Universal Standards, which are integrated into the ESG Platform, thus guarantee consistent and comparable reporting of the highest standard.
