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GRI, Climate & Company plan for event on challenges, opportunities of climate reporting during COP29
The Global Reporting Initiative (GRI) and the non-profit global sustainable finance think-tank Climate & Company are planning a co-hosted event on the challenges and opportunities of climate reporting, to take place during the UN Climate Change Conference (COP29), in Baku in November.
The two sides have entered into an agreement to work together to grow the adoption of international sustainability reporting standards throughout the value chain – enabling informed decision-making by companies, investors and other stakeholders.
Climate & Company links policy-making, the financial industry and academia, and e provides strategic advice on making regulatory standards work in practice.
Under a Memorandum of Understanding (MoU), GRI and Climate & Company will engage in mutual collaboration to emphasize the alignment of values, mission and vision for the future.
The two sides will jointly work to support the uptake of impact reporting and use of the GRI Standards to address the impact side of the European Sustainability Reporting Standards (ESRS), and encourage disclosure by SMEs and value chain actors globally.
They will also work on coalition building – through engagements and events that foster the acceptance of ambitious sustainability standards, including the GRI Standards, as authoritative instruments for managing impacts on the environment and on human rights.
They will also work jointly on submitting funding proposals to ecosystem supporters with the goal of pooling resources, relationships and aligning funders toward deeper engagement on sustainability reporting, focusing on the EU and G20 jurisdictions.
“We are proud to join forces with one of the most established and impact-driven international standard-setters in the field of sustainability reporting. It is a true milestone for us to advance global reporting standards together with such an experienced partner as GRI – with joint initiatives and events that provide guidance for change-makers and create bridges for decision-makers at international level. We now look forward to put this commitment into action, for example through joint activities at the upcoming UN Climate Change Conference COP29 in Baku”, said Dr. Theresa Spandel, Senior Analyst and expert on disclosure at Climate & Company.
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