Global Reporting Initiative Case Study

The purpose of this essay is to examine whether companies disclosing compliance with Global Reporting Initiative (GRI) G4 principles is a waste of time.
Companies disclosing compliance with GRI G4 principles is not a waste of time.
Sustainable development is a process that fulfils human development and protects our environment balancing social aspect, so called three bottom lines. In sustainability field, the one of leading organization Global Reporting Initiative (GRI) promotes to use the sustainability reporting as a way for organizations to become more sustainable and contribute to sustainable development.
The GRI is an international independent which was found in 1997. Its roots lie in the US non-profit organizations the Coalition for Environmentally
The accuracy of the data can also affects the credibility of company. According to a KPMG survey, the 21% of 100 largest companies need to restate their sustainability report due to error or omission. (KPMG Survey, 2013)

Nevertheless, sustainability reports still bring some social benefit. Companies create opportunities for economically disadvantaged producers, provide a healthy and safe working environment, do not employ child labour and perform gender equality. Starbuck is a one of best examples, it use the fair trade certified coffee, comply with minimum-wage requirements. (Starbucks, 2015)

It is because issue sustainability report let some company understand to benefit the company and its operating environment. The integration with local and global communities, engagement with stakeholders outside the company, and participate in inclusive discourse which cannot be ignored. Companies engaging in sustainability initiatives can simultaneously increase firm success, reduce negative social influence and benefit society at large. (Fairtrade NZ,
It may provide a chance to discover new area after the measurement. From the new data, the company can increase efficiency, reduce the use of natural resources but also creating a better transparency to improve operation performance of the company. Other than that, preparing a sustainability report to have company to avoid or mitigate environmental and social risks that can be harmful on their business while to create a virtuous circle by delivering better business, social, environmental and financial value. For investors, in the fierce market competition environment, all investors regard the general corporate financial reports read in verse; but the market mechanism is efficient, to see the market find insights, the investors will need to have a deeper business understanding. Sustainability Report fill the vacancy being in this area. More and more attention from investors worldwide corporate sustainability goals, because they find out that, to do good for the community, it is going good is a good business. This is not just in terms of corporate social responsibility, the framework for further environmental, social and governance principles, enhance corporate governance large direction, and even become the sustainability goals and strategies in the central portion. Therefore, the companies disclosing compliance with