January 31, 2018

Did you know you can Submit your Feedback on the Revised draft of the GRI 303: Water Standard?

What is the GRI?
The Global Reporting Initiative (GRI) is an international independent standards organisation that helps businesses, governments and other organisations understand and communicate their impacts on issues such as climate change, human rights and corruption.
The GRI Standards are the first global standards for sustainability reporting. They feature a modular, interrelated structure, and represent the global best practice for reporting on a range of economic, environmental and social impacts.
What is the GRI 303: Water standard and why is it important?
In the context of the GRI Standards, the environmental dimension of sustainability concerns an organisation’s impacts on living and non-living natural systems, including land, air, water and ecosystems. The GRI 303: Water standard addresses the topic of water.
Access to fresh water is essential for human life and wellbeing, and is recognised by the United Nations as a human right. An organisation can impact water resources through its withdrawal and consumption of water.
Withdrawals from a water system can affect the environment by lowering the water table, reducing the volume of water available for use, or otherwise altering the ability of an ecosystem to perform its functions.
Such changes have wider impacts on the quality of life in the area, including economic and social consequences; and consequences for the local communities or indigenous peoples for whom the water source is important.
What are the GRI 303: Water standard changes?
The GRI 303: Water standard has been revised, and is open to receive public feedback. In line with the GSSB’s Due Process Protocol, a multi-stakeholder Project Working Group was formed to develop content for the review of GRI 303: Water. The first public consultation on the draft was held between 10 August – 9 October 2017.
Due to the extent of public feedback received and changes made to the draft, the GSSB has decided to publish the draft for second public consultation. Running from 20 December 2017 until 18 February 2018, this public consultation invites feedback on the revised Standard from all GRI stakeholders.

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