Common ESG Reporting Frameworks and Standards
ESG reporting frameworks are the guiding principles for ESG reporting , whereas standards provide the tools to practically implement those principles. Most of the standards/frameworks are either too broad-spectrum in addressing ESG principles , or too specific to any single pillar of ESG. 1. Task Force on Climate-Related Financial Disclosures (TCFD) framework It is a framework to help public companies and organizations to effectively disclose climate-related risks and opportunities by making use of their existing reporting systems. 2. International Integrated Reporting Council (IIRC) framework Being an evolution of corporate reporting, the integrated reporting focusses mainly on conciseness, strategic relevance and future orientation. 3. Global Reporting Initiative (GRI) framework GRI is an international independent standards organization that helps businesses and other organizations to evaluate and report their impacts on issues related to climate change, human rights and oth