Policies and regulation

Policies that enable corporate transparency

Sustainability reporting creates transparency and helps markets function more efficiently. It also helps governments hold organizations accountable for their impacts and initiate dialogue to drive corporate contribution to national sustainable development efforts. 

GRI provides vital support to governments and market regulators in the development of sustainability reporting policies and regulations to stimulate corporate transparency and accountability. Around the world, more than 160 policies in over 60 countries and regions reference or require GRI for reporting. 

Carrots & Sticks

Carrots & Sticks (C&S) is the flagship publication and online resource that since 2006 has covered non-financial or sustainability reporting provisions, policy, regulation, guidance, frameworks and standards.

The fifth edition of C&S, launched in July 2020, covers 614 reporting instruments across over 80 countries. C&S 2020 has the addition of in-depth interviews with policy and other decision-makers, including regulators, national governments and stock exchanges.

C&S is delivered as a partnership between GRI and the University of Stellenbosch Business School, with contribution provided by the UN Environment Programme. You can download C&S 2020 - in Spanish as well as English (see related documents at the foot of this page). Read our Medium blog from September 2020.

EU sustainability reporting requirements

GRI is actively engaged in the process to advance the European Union’s Corporate Sustainability Reporting Directive (which is set to replace the Non-Financial Reporting Directive from 2022). In July 2021, GRI was appointed as co-constructor of new EU sustainability reporting standards, working with the European Financial Reporting Advisory Group (EFRAG) on their delivery.

The French public financial institution Caisse des Dépôts is providing funding to support for the technical work between GRI and EFRAG on creating the new standards. In December 2021, GRI and EFRAG announced development work on new biodiversity standards, as the next stage in aligning global and EU standards.

GRI is also represented on the European Commission's Platform on Sustainable Finance expert group, which is advising on the development of EU sustainable finance taxonomy. 

Rio+20 and Group of Friends of Paragraph 47

GRI participated at the 2012 United Nations Conference on Sustainable Development – Rio +20 – and contributed to the development of the Group of Friends of Paragraph 47 (GoF47), formed by leading governments from around the world to advance sustainability reporting policies and practices. 

The group was inspired by the Rio+20 outcome document The Future We Want encouraging governments to facilitate action towards advancing corporate sustainability reporting. 

GoF47 is supported by the UN Environment Programmeand currently counts Argentina, Chile, Colombia, Norway and Switzerland among its members, in addition to the four founding members Brazil, Denmark, France and South Africa.

Read the GoF47 Charter

Market regulators and operators

GRI collaborates with market regulators and operators on several multilateral initiatives to promote sustainability reporting by listed companies and create more transparent and sustainable capital markets. 

Find out more about GRI’s capital market engagements.


Related documents

Linking GRI Standards and European Directive on non-financial and diversity disclosure file 14 Feb 2017 English 560 KB
Linking GRI Standards and EU NFR Directive disclosure file 15 Jun 2020 English 1.3 MB
Member State Implementation of Directive 2014/95/EU file 01 Sep 2017 English 3.4 MB
Carrots & Sticks: Sustainability reporting policy file 14 Oct 2020 English 7.6 MB
Carrots & Sticks: Politicas sobre reporte de sostenibilidad file 14 Oct 2020 Spanish 7.7 MB

Looking to get in touch?

To discuss GRI's policy and regulatory engagement, contact Peter Paul van de Wijs, Chief External Affairs Officer

Contact Peter Paul van de Wijs