KPMG's briefing discusses how the content of G4 varies from G3 and the potential impact on organizations’ reporting process and content
The Global Reporting Initiative’s (GRI) next generation guidelines (G4) were launched in May 2013.
The content of the G4 Guidelines may, at first glance, appear not to be a radical departure from the previous Guidelines (G3), but will in fact have a significant impact on the corporate reporting process. Companies can now begin to transition from the G3 to G4 over a two year period and reports produced after 31st December 2015 will need to follow G4.
KPMG’s briefing paper highlights the five most significant changes in G4:
1. Materiality takes center stage
2 .Reporting boundaries redefined
3. ‘In Accordance’ levels replace A, B, C
4. New governance disclosure requirements
5. New supply chain requirements
The paper discusses how the content of G4 varies from G3 and the potential impact on organizations’ reporting process and content.
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