ESG reporting tool depends on an organisation's sector, stakeholder expectations, regulatory requirements, and for how long the organisation has undertaken reporting and look forward to the continual improvement to better the reporting system. The ISSB Standards i.e., IFRS S1 and IFRS S2 provide a foundation for the ESG reporting because they offer an internationally recognised basis for sustainability related financial disclosures and are being adopted by regulators and investors. Also, Global Reporting Initiative (GRI) Standards provides organisation's environmental, social, and economic impacts.
As such, a combination of ISSB and GRI would be the most appropriate. ISSB would strengthen investor-focused and financially material disclosures while GRI would provide a comprehensive view of our sustainability impacts and performance.
As such, a combination of ISSB and GRI would be the most appropriate. ISSB would strengthen investor-focused and financially material disclosures while GRI would provide a comprehensive view of our sustainability impacts and performance.