GRI Corporate Sustainability Reporting

GRI Corporate Sustainability Reports reveal the performance of companies in economic, environmental, and social categories.

GRI- Corporate Sustainability Report, GRI (Global Reporting Initiative) standards are used as the main source; in addition to this, Reporting Matters developed by IIRC (The International Integrated Reporting Council) WBCSD (World Business Council for Sustainable Development, World Sustainable Development Business Council) It is prepared using the findings of the study and the methodological approach.

The prepared sustainability report is intended for the stakeholders of the companies, such as energy, water, and waste management; financial, such as fair competition, anti-corruption, and economic performance; It provides information on social issues such as employment, employee satisfaction, employee rights, occupational health, and safety. It also explains its new goals for these topics and the level of meeting its past goals.

GRI, which stands for Global Reporting Initiative, is a leading organization that sets sustainability reporting standards. Its primary aim is to create a universal framework for measuring, reporting, and comparing sustainability performance across industries. By encouraging businesses to be transparent about their sustainability strategies and implementation, GRI ensures that stakeholders, including investors, customers, and employees, are well-informed about their impact on the environment and society.

The GRI's mission is multi-faceted, with the following key objectives:

  1. Establish a global standard for sustainability reporting that enables businesses to measure and report on their sustainability performance consistently and reliably.

  2. Promote transparency by making sustainability performance information available to stakeholders, helping build trust and accountability.

  3. Encourage businesses to continually improve their sustainability strategies and performance by setting ambitious goals, implementing best practices, and measuring progress over time.

  4. Facilitate comparing sustainability performance across businesses and sectors, driving innovation and continuous improvement.

Through these objectives, the GRI is driving the shift towards a more sustainable and equitable global economy, helping to create a world where businesses operate responsibly and where people and the planet can thrive.

1- Data Collection

The data is collected in accordance with the requirements within the framework of sustainability reporting standards.

2- Evaluation of Data

The collected data is evaluated in terms of environmental-social-economic benefits. At the same time, sustainability reports include the company's future goals.

3- Gap Analysis

Companies set some concrete targets within the scope of their corporate sustainability policies and work towards those targets.

4- Stakeholder Engagement

As part of the user satisfaction/complaint management system studies, companies communicate with users via telephone, mail, survey, etc., and collect their thoughts on their products and services. Since users are stakeholders of companies, such a study can be considered a stakeholder analysis.

Preparing a GRI report is important because it helps businesses to transparently communicate their sustainability performance to their stakeholders (investors, customers, employees, suppliers, local communities, etc.). There are several reasons for this:

  • Transparency: The GRI report provides a transparent view of a business's sustainability strategies, performance, and goals, enabling businesses to explain to their stakeholders what they are doing and why they are doing it.

  • Decision making: The GRI report helps stakeholders to become informed about a business's sustainability performance. This allows stakeholders to make informed decisions about the business's sustainability performance. For example, an investor can invest in a business while considering its sustainability performance.

  • Competition: The GRI report enables businesses to compare their sustainability performance with other businesses. This allows businesses to gain a competitive advantage by comparing their sustainability strategies and performance with other businesses.

  • Governance: The GRI report provides a tool for businesses to manage their sustainability strategies and performance. Businesses can measure their sustainability performance, set goals, and monitor their performance through the GRI report.

For these reasons, preparing a GRI report is important for businesses to communicate their sustainability strategies and performance to their stakeholders and demonstrate their commitment to sustainability.

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