October 2005, Business for Social Responsibility (BSR)
The 2002 Global Reporting Initiative (GRI) Sustainability Reporting Guidelines included a new set of Economic Performance Indicators designed to measure an organization’s impacts on the economic circumstances of its stakeholders and the local, national and international economy. The purpose of this report is to consider how well these Economic Performance Indicators have been used and to make recommendations that inform the revision of the GRI Guidelines.
The “G3” GRI Guidelines Revision is the second major overhaul of the GRI Guidelines. An extensive structured feedback process is underway to gather stakeholder input and to issue an updated set of Guidelines in October 2006. Two multi-stakeholder Working Groups have been established to shape G3 – an Indicators Working Group and a Reporting as a Process Working Group.
BSR is involved in this revisions process through participation on both the Reporting as a Process Working Group and the Economics Advisory Sub-Group of the Indicators Working Group.
The objective of the Economics Advisory Sub-Group is to recommend changes to ensure the clarity, comparability and assurability of the GRI Economic Performance Indicators.
This report reviews how well the GRI Economic Performance Indicators have been applied by 33 companies and is intended to inform the work of the Economics Advisory Sub-Group.
