GLOBAL REPORTING INITIATIVE: GLOBAL SCENARIO (A COMPARATIVE STUDY OF DIFFERENT SUSTAINABILITY FRAMEWORKS)

In response to the requirement of environmental Reporting of the stakeholders, most of the organizations take environmental performance disclosure as their socio-economic responsibility. In order to help organizations to report the sustainability information there are several Global Reporting Frameworks available. This paper is aimed to analyze these sustainability frameworks based on their popularity and adaptability. Using available literature The UNEP, Agenda 21, ISO 14000 Series, Triple Bottom Line, AA 1000, DJSI, Carbon Credit, SASB, UN Global Compact and Global Reporting Initiatives frameworks were closely analyzed. It was found that Global Reporting Initiative (GRI) is the only framework with the maximum number of indicators whereas DJSI and UN Global Compact consists only 9 and 10 indicators respectively. Findings conclude GRI and ISO 14000 series to be the most commonly adapted global framework. The outcome of this study are limited to selected data therefore variations may occur.

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Keywords: UNEP, ISO 14000 Series, Triple Bottom Line, AA 1000, DJSI, Carbon Credit, SASB.


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