The Global Reporting Initiative is tremendously popular in Europe with 47% of reports originating there. GRI reporting in the US is growing like gangbusters, however, with 350 reports registered in 2011 compared to only 100 in 2010. That’s partly thanks to the attention and commitment of Mike Wallace, Director of GRI’s Focal Point USA. The GRI guidelines are continuously updated based on feedback from users, which is filtered through working groups. I must say that when I dove into the guidelines, I wasn’t expecting any surprises. But I was wrong. Check out this note from the summaryon the changes to the “Governance” section of reporting :
G4 is proposing a number of changes to governance and remuneration disclosures to strengthen the link between governance and sustainability performance, taking into account the consistency within existing governance frameworks and developments in that field. The proposed changes include new disclosures in the Profile section of the report on the ratio of executive compensation to median compensation, the ratio of executive compensation to lowest compensation and the ratio of executive compensation increase to median compensation ».