Do you know what are the GRI standards for businesses?
SMEs in emerging economies have a tremendous opportunity to reach new markets as supply chains expand to globalize, allowing them to contribute to more significant and sustainable growth and poverty reduction.
On the other hand, these businesses frequently struggle to fulfil the increasingly strict global criteria for corporate sustainability behaviour, which has become a critical determinant for competition and free trade and, therefore, a de facto trade barrier.
In current history, it has become clear that sustainable development is an essential global distinction for SMEs looking to enter Global Value Chains and, therefore, a vital tool for SMEs looking to increase their profitability and market exposure.
Hence this article covers:
⁍ The GRI Impact
⁍ Investors’ perspective
⁍ Creating responsible businesses for sustainable development
⁍ Why is sustainability reporting essential?
⁍ How do companies do sustainability reporting?
⁍ What are the GRI standards for businesses?