GRI has responded to the UK Department for Business and Trade’s consultation on ISSB-aligned sustainability-reporting standards (UK SRS S1 and UK SRS S2).
It wrote: “We encourage the government to provide clarity and reassurance that sustainability reporting in the UK will not be reduced to financial materiality alone. As UK SRS S1 and S2 are named ‘sustainability reporting standards’, they ought to reflect the established practice for sustainability reporting that encompasses information on impacts, risks and opportunities.”
GRI said endorsements of the ISSB-aligned standards should be “be balanced with guidance and a clear and timely plan to enhance impact reporting more generally”.
