GRI issues Construction and Real Estate Guidance, Supports Call for Integrated Sustainability Reporting
The Global Reporting Initiative (GRI) has issued a final Supplement, providing guidance on how to apply GRI's Reporting Framework and Guidelines in the construction and real estate sectors.
The GRI's Framework and Guidelines set out the principles and indicators organisations can use to report their economic, environmental, and social performance. The Construction and Real Estate Sector Supplement provides guidance for those who invests in, develop, construct, or manage buildings on the principles and indicators to follow to report business strategy and performance. Specific issues covered in the new Supplement include building and materials certification, CO2 emissions, management and remediation of contaminated land and labor health and safety issues.
The GRI has also lent its support to the 'Corporate Sustainability Reporting Coalition', an investor-led group which is calling on United Nations member states to commit to develop, a global policy framework that requires listed and large private companies to integrate sustainability information into annual reports and financial statements, or explain why if they do not do so.