Navigating Sustainability Standards: The Quest for Interoperability and Global Endorsement

A GRI global baseline would complicate the division between investor-focused and multi-stakeholder sustainability reporting. While a single global standard is ideal, differing views on user needs and materiality create challenges. Interoperability, the coexistence of multiple standards, is a key solution but requires endorsement to ensure consistency. Without endorsement, inconsistencies arise, increasing compliance burdens. A structured "building blocks" approach with jurisdictional endorsement is crucial for effective sustainability reporting.