February 26th 2024 – AsiaESG, a trusted provider of ESG solutions for companies across Asian markets, has now taken the step to become GRI certified to promote and support the GRI Standard’s use to improve and enhance sustainability reporting across the board.
On November 16th 2023, AsiaESG became a Certified GRI Community Member, joining the many other reputable organisations around the globe working together to advance sustainability reporting. With greater transparency comes a move towards greater sustainability both in the economy and globally. AsiaESG believes firmly in this principle and is committed to demonstrating its benefits through membership in this forward-thinking community.
About GRI
The GRI Standards are the world’s most widely used and oldest standards for reporting a Company’s sustainability practices, achievements, and impacts on related stakeholders. Having been developed through multi-stakeholder contributions, they are founded in the interest of the wider public, reflecting the ever-growing expectations amongst stakeholders and, indeed, from society as a whole for businesses to conduct themselves responsibly. Currently, almost three-quarters of the 250 biggest companies worldwide are using GRI standards or guidelines. At the same time, nearly 170 policies in just under 70 countries worldwide refer to the Standards and demand their use.
Enabling companies to report publicly the impact that their activities are having in a transparent and structured way, the Standards assist businesses in indicating their positive contributions towards the goal of sustainable development. They aim to facilitate the public disclosure of an organisation’s significant environmental, social, and economic impacts and, thus, its contributions towards broader overall sustainable development goals. While also facilitating the public with transparent information according to the nine principles of GRI reporting. These principles include accurate quantitative data, balanced and unbiased disclosure, clarity and readability, comparability within the three past years’ practices, a complete and thorough story, a verifiable statement, committed publication time, and beyond, all from a sustainability and long-term impact point of view.
All types of organisations can benefit from the use of the GRI Standards, which allow information users and stakeholders alike to have a clear understanding of what organisations can be expected to report upon in terms of sustainability. Equipped with the information supplied under the Standards, they can examine the impact of the business and compare it with that of other companies. The comparability aspect of the GRI standard principles benefits stakeholders in seeing the company’s commitment to reducing negative impacts and strengthening value over the past three years. They can clearly see from the information that has been reported how the company is integrating development sustainability into its long-term strategy to evaluate its success in the long run and pinpoint any potential financial risks that could be incurred.
Thanks to the information supplied by the organisation, other information users like policymakers, academics, and analysts can also be better informed when forming policies, researching and benchmarking. Furthermore, the organisation itself can use its disclosed information to assess its strategies and policies further and to guide its future decision-making processes, for example, setting targets and goals.
About AsiaESG
AsiaESG has committed to GRI Certification to reap the numerous advantages that membership can bring. A sustainable business model comes with a host of benefits, including cost savings, improved long-term thinking, better employee engagement, enhanced customer loyalty, greater innovation and brand differentiation, and by gaining a deep understanding of its impact through a trusted, objective, and transparent method of reporting, it can then learn to manage it more effectively. These are aims that AsiaESG holds onto firmly as part of its dedication to guiding companies across Asia towards a future in which the principles of sustainability can be fully implemented.
AsiaESG offers a comprehensive ESG solution comprising consultation, marketing, report creation and content localisation across APAC with a primary focus on Singapore, Hong Kong, China, Malaysia and Indonesia. By supporting wide-ranging organisations to implement the principles of Environmental, Social, and Governance into their operations, AsiaESG aims to propel businesses forward into a more sustainable and positive future.
For any enquiries or quotations pertaining to ESG Solutions, get in touch with our ESG Solutions department below:
