IFRS, GRI Expand Collaboration to Align Sustainability Reporting Standards
The IFRS Foundation and the Global Reporting Initiative (GRI) have issued a joint statement reaffirming and expanding their collaboration to harmonize global sustainability reporting standards. This renewed commitment ensures that sustainability and financial disclosure standards operate in a complementary manner, aiming to reduce complexity and duplication for companies subject to multiple regulatory frameworks. The initiative underscores the importance of coordinated reporting frameworks that minimize duplicative effort while improving the overall quality of corporate disclosure.