In October 2024, VietESG officially became a member of the Global Reporting Initiative (GRI). VietESG is a pioneer in Vietnam in applying GRI standards to practice ESG reporting for Enterprises/Organizations/Entities.
About GRI
The Global Reporting Initiative (GRI) is a non-profit organization based in the Netherlands, founded in 1997. The goal of GRI is to promote global companies and organizations to perform environmental, social, and governance (ESG) reporting transparently and accurately.
Values that GRI Brings:
- Transparency: GRI provides an international standard system for ESG reporting, helping companies share information transparently and comparably with other companies.
- Enhanced Credibility: Complying with GRI standards helps companies enhance credibility and trust from customers, partners, and the community.
- Risk Management: ESG reporting according to GRI standards helps companies identify and manage environmental and social risks more effectively.
- Performance Improvement: ESG reporting helps companies identify areas needing improvement and implement measures, thereby enhancing business performance.
- Decision Support: ESG report information provides managers and investors with a clearer view of the company’s situation and trends, supporting investment decisions.
Currently, GRI is used by over 14,000 organizations in more than 100 countries. The widespread adoption of GRI standards promotes sustainable reporting practices, helping organizations and stakeholders take action to create economic, environmental, and social benefits for everyone.
Significance for VietESG
Strengthening Position and Credibility: Becoming a GRI member helps VietESG consolidate its position as a trustworthy organization in the ESG field. This not only enhances credibility in the eyes of partners and customers but also affirms VietESG’s commitment to promoting sustainable standards.
Enhancing Expertise and Knowledge: VietESG will have access to resources, reports, and in-depth studies from GRI. This enhances expertise and knowledge, allowing VietESG to provide higher quality ESG consulting and reporting services to clients.
Expanding Global Network: Membership in GRI opens up opportunities to connect with a global network of organizations and experts. This helps VietESG learn from experiences, share knowledge, and collaborate with international partners.
Demonstrating Position and Experience
- Proving Professional Competence: GRI membership is proof that VietESG meets international ESG standards. This demonstrates VietESG’s capability and experience in effectively consulting and implementing ESG strategies.
- Affirming Sustainable Commitment: Participating in GRI affirms VietESG’s strong commitment to promoting sustainable development and social responsibility. This is crucial for building trust and credibility with stakeholders, from investors and customers to the community.
- Elevating Position in the International and Vietnamese Market: Becoming a GRI member helps VietESG affirm its leading position in the ESG field in Vietnam and create an international reputation. This helps VietESG attract more partners and potential customers.
The collaboration between VietESG and GRI not only brings benefits to VietESG but also contributes to promoting sustainable development for the community and the environment. This is an important step that helps VietESG continue to affirm its role and position in the ESG field.
