Key Differences: GRI vs. SASB Frameworks

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Sustainability reporting has become essential for modern businesses seeking to demonstrate their commitment to environmental, social, and governance (ESG) aspects.

The Global Reporting Initiative (GRI) and the Sustainability Accounting Standards Board (SASB) are two popular frameworks for sustainability reporting. While both frameworks aim to increase transparency and accountability, they differ significantly in scope, strategy, and focus areas.

In the following table, we’ll look at the fundamental distinctions between the GRI and SASB frameworks, so that companies may make an informed decision about which framework is appropriate for their reporting needs.

Scope and FocusCovers economic, environmental, and social aspects with flexibilityFocuses on financially material sustainability issues within specific industries
MaterialityDoesn’t prioritize issues based on financial materialityPrioritizes financially material sustainability issues within specific industries
StandardizationProvides general guidelines and principles, allowing flexibility but risking inconsistencyOffers specific metrics tailored to industries for standardized reporting
Applicability Global framework used across various sectors and industriesIndustry-specific standards for unique sustainability issues within each industry
ApproachFlexible, providing principles without specific metricsPrescriptive, offering detailed metrics and disclosure requirements by industry
Coverage of Sustainability IssuesCovers a wide range of sustainability issues across economic, environmental, and social dimensionsFocuses specifically on sustainability issues that are financially material to investors within each industry
Stakeholder EngagementEmphasizes stakeholder engagement and inclusivityFocuses on the needs of investors and financial stakeholders

Page Credits: Rajdeep Pandey

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