Australia

Details

  • Service: Advisory, Risk Consulting, Climate Change & Sustainability Services, Topics, Climate Change
  • Type: Business and industry issue
  • Date: 23/07/2013

GRI’s G4 Guidelines: the impact on reporting 

The Global Reporting Initiative (GRI) launched its fourth generation Sustainability Reporting Guidelines (G4) in May 2013 and the transition from the previous guidelines (G3) to G4 will now begin.
GRI’s G4 Guidelines cover
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The content of the G4 Guidelines may, at first glance, not appear to be a radical departure from G3, but will in fact have a significant impact on the corporate reporting process.

 

KPMG International’s briefing outlines the key changes and aims to help you understand what G4 means for your organisation.

 

Five key changes in G4

  1. Materiality takes centre stage.
  2. Reporting boundaries redefined.
  3. ‘In Accordance’ levels replace A, B, C.
  4. New governance disclosure requirements.
  5. New supply chain requirements.

 

Companies can begin to transition from the G3 to G4 over a 2-year period. Reports produced after 31 December 2015 will need to follow G4.

 

 

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