Article Details

Global Reporting Initiative: A Study on Global Reporting Initiative Standards as an Important Tool of Corporate Social Responsibility and an Improvement over Sustainability Reporting Standards | Original Article

Shriya Jain*, in Anusandhan | Technology & Management

ABSTRACT:

This paper aims to explain the theoretical exposure of Global reporting Initiative as a standardised sustainability protocol which is world widely accepted by companies. Corporate sustainability reporting is becoming very popular now days but in India it is at sprouting stage. But earlier researches prove that its importance is growing year after year. As far as Indian scenario is concerned there is only limited number of companies which are showcasing their sustainability plans and performance to the various stakeholders. Indian corporations are following Global Reporting Initiative (GRI) guidelines to prepare the sustainability reports. Furthermore, the current study tries to find out that GRI guidelines set as a good basis for the sustainability reporting. In India, the Sustainability Reporting Initiative was started in 2001 but it has shown a very slow progress. The paper expounds the GRI reporting guidelines so as to apply CSR principles, and explains the key elements of the economic, environmental, social, society, and Governance issues. The paper aims to provide general level information on corporate responsibility reporting and sustainability initiatives by National Voluntary Guidelines for India Industries from CSR to Responsible Business and Business Responsibility Report by SEBI. The aim of present study is to show the analysis of famous sustainability reporting framework GRI. The theoretical part is constructed and explained by thorough research of available literature on the topic, therefore the paper uses qualitative research methods as research methodology.