GRI, IFVI collaborate to make sustainable accessible, actionable

10 / 09 / 2024

By Marwa Nassar - -

The Global Reporting Initiative (GRI) and the International Foundation for Valuing Impacts (IFVI) have teamed up to make sustainability data as accessible, actionable and comparable as financial data.

Under a memorandum of understanding (MoU), GRI and IFVI have agreed to collaborate on building market uptake of each other’s methodologies, approaches and standards.

The memo also aims at mutual promotion of each organization’s research, thought leadership, events and other activities to build capacity and expertise.

The memo also targets joint stakeholder engagement, such as seminars and roundtables on sustainability reporting and data availability.

The memo also urges to align fundraising activities through joint funding proposals in addition to jointly collaborate on capacity building initiatives, for example in relation to GRI’s Sustainability Innovation Lab.

“Given the strong alignment between the missions of GRI and the IFVI, which both emphasize the crucial value of accountability on impacts, it is clear that the two organizations share common interests and goals. I am delighted, therefore, to formalize and deepen our collaboration through this MoU. Unlocking open access to sustainability data will empower companies, investors and other stakeholders to strengthen transparency in the supply chain, driving informed decision-making towards a more sustainable future. Through strategic collaboration and mutual support, GRI and IFVI will work together to make this a reality,” said Eelco van der Enden, CEO of GRI.

“IFVI was founded to build on the critical work of organizations like GRI to develop a globally applicable and comprehensive impact accounting methodology for the public good. We’re thrilled to be working closer with GRI and continue the work of our peers in increasing collaboration and alignment in the pursuit of our shared goal of a just and sustainable economic system,” T. Robert Zochowski, President & CEO of IFVI said.

The two global organizations are committed to enabling businesses to contribute to a just and sustainable future, through a deep understanding of their impacts.