Environmental, Social and
Governance (ESG) report –
Global Reporting Initiative
The Global Reporting Initiative (GRI) is a widely recognised framework enabling organisations to understand and communicate the impacts of their activities.
The Global Reporting Initiative (GRI) is a standard that creates a common global language for companies to report their operational impacts – enabling informed dialogue and decision-making.
The standard helps companies be transparent and take responsibility for their business impacts to help build a sustainable future. It is the most comprehensive sustainability reporting standard that helps companies comply with emerging ESG disclosure regulations.
Inspired’s approach
Companies are encouraged to disclose their Environmental, Social, and Governance impacts through effective ESG reports. Inspired’s approach aims to build ESG-related knowledge from a data-driven perspective assessing corporate operations against the GRI disclosure recommendations and guidance.
The GRI disclosure service is an aggregation of several workstreams each with specific deliverables that build internal capability and streamline reporting processes. Inspired work in partnership with clients to help them develop the necessary processes to address ESG issues, capitalise on opportunities in their operations and make effective disclosures.
Key deliverables
The typical delivery timeline takes between 8 – 10 months.
Several internal workstream reports that feed into the GRI disclosure
Annual report
disclosure
Fully branded GRI report
and Index
Talk to an expert
Dr. Michelle de Jongh
Managing Director: Inspired ESG
“At Inspired PLC, we recognise the reality of climate change. We use the Global Reporting Initiative (GRI) framework to prepare our own ESG disclosures, ensuring transparency and consistency in how we report.”
Related ESG services
Climate-related financial disclosures (CFD or TCFD)
Companies must disclose how climate-related assumptions impact the financial statements, including understanding the extent to which accounting assumptions and estimates are 2050 net-zero aligned.
Streamlined Energy and Carbon Reporting (SECR) – Scope 1 and 2 emissions
Although covering different aspects of a business’s emissions impact, certain Scope 3 categories are linked to Scope 1 and 2. Inspired recommends calculating a full Scope 1, 2, and 3 emissions inventory in order to identify hotspots and track reductions.
Policy Procurement Note 06/21 (Carbon Reduction Plan)
A PPN06/21 Carbon Reduction Plan requires businesses to disclose baseline and recent GHG emissions – including five Scope 3 categories – targets and decarbonisation actions. The five categories required to be disclosed will be calculated, if applicable, as part of Inspired’s Scope 3 emissions inventory service.
Science-Based Target initiative validation support
The Science-Based Target initiative (SBTi) is the internationally recognised body for validating emission reduction targets. Companies going through the SBTi validation process need to provide a full Scope 3 inventory, calculated as per the GHG Protocol guidelines.
Scope 3 emissions inventory
Scope 3 emissions are recommended to be included under emissions environmental reporting to help stakeholders understand a company’s value chain emissions and what steps are they taking to reduce their impact.
Greenhouse gas emissions verification – ISO 14064
The ISO 14064 standard is a process to verify a company’s greenhouse gas emissions footprint and covers operational as well as value chain emissions. Inspired’s ESG Quality Assurance team can verify the Scope 3 inventory to provide additional assurance of the calculations and output.
Net-Zero Strategy
Net-zero should be achieved by reducing Scope 1, 2, and 3 emissions as far as possible; a Net-Zero Strategy plans for how these reductions will be achieved. Understanding your baseline GHG emissions is the starting point for developing a Net-Zero Strategy as it allows hotspots to be identified and progress tracked.
Life Cycle Assessments (LCA) / Environmental Product Declarations (EPD)
Life Cycle Assessments (LCA) / Environmental Product Declarations (EPD) allow businesses to demonstrate the environmental impact of the products they sell. This information is being increasingly requested by ESG-conscious customers. The data used to calculate corporate Scope 3 emissions form the basis of understanding a company’s product-related emissions.
“For the past 12 months, Empiric has been working with Inspired, a partnership that has accelerated our progress towards a sustainable future. Their expertise and collaborative approach have been instrumental in developing our Task Force on Climate-Related Financial Disclosures (TCFD) report and comprehensive ESG Report. They expertly guided us through the process of creating a robust climate risk register, setting ambitious yet achievable targets for 2024 and 2025, and solidifying a comprehensive ESG strategy that aligns with our long-term vision.”
Donald Grant, Chief Financial & Sustainability Officer at Empiric Student Property PLC
Quick links
At Inspired, we’ve been putting a lot of effort into helping businesses to understand ESG and its associated benefits. But, our support doesn’t end there.
Climate-related financial disclosures (CFD or TCFD)
Science-Based Target initiative validation support
Greenhouse gas emissions verification – ISO 14064
Life Cycle Assessments (LCA) / Environmental Product Declarations (EPD)
Get in touch
Contact an ESG consultant today to discuss your ESG reporting options in more detail.