GRI and Australia sign new deal

The Global Reporting Initiative (GRI) and Australia’s Department of Foreign Affairs and Trade are launching a new programme, ‘Sustainable Trade and Investment through Reporting in the Indo-Pacific’.

The programme aims to contribute to greater stability and poverty alleviation in the region, by increasing transparency and building domestic capacity for sustainability reporting.

Through the programme, GRI will establish a network of Indo-Pacific organisations committed to leveraging transparency for sustainable development.

GRI will engage with policymakers, regulators and stock exchanges to help promote frameworks for corporate sustainability reporting.

The initiative will particularly focus on building reporting capacity among first- and second- tier companies that are part of the value chains of multinational enterprises, which are increasingly demanding sustainability information from their suppliers.