GRI's sectoral standard on Oil & Gas sector

-

The GRI is on way to develop the first GRI Sector Standard. GRI had sectoral guidance for the previous version of GRI guidelines, this is the first time that GRI seeking to develop sectoral guidance specific for GRI standards. This is a welcome step and would certainly help several companies come out of dilemma about what to report and what not to. Being a sustainability reporting consultant we strongly support this initiative and hope to see the final guidance document in near future.
The sector targeted would be on fossil fuels specifically on oil and gas as well as coal. It will soon launch a working group and has invited applications from professionals to join the working group. The sector standard shall aim to identify the impacts that the companies operating in the oil & gas and coal sector have on the environment and society and how can these be monitored and report on a transparent as well as consistent basis. As a sustainability reporting consultant we have worked extensively with Oil & Gas sector companies.


This is initiative is part of the recent program launched by GRI in April 2019 that shall assist companies from a particular sector to understand their Impact, monitor the KPIS and transparently report on these issues and challenges that prevail in their sectors. Sustainability consultancy like us are increasingly being reached out to by different companies to assist them on their sustainability journey.
As a starting point the Oil & Gas and coal sector has been selected which is good news for sustainability reporting consultant too as lot of companies from this sector are reporting on their non financial performance. The GRI’s board called the GSSB shall lead the working group. The GSSB is responsible for developing all the standards and related guidance for GRI. GRI does not employ the services of a sustainability consultancy but rather develops these through working groups with diverse expertise which is a better and collaborative approach to develop guidance of such nature. Experts from the oil and gas as well as coal sector can apply to become part of this working group. The applications shall be accepted till fourth of May. As a sustainability consultant these guidance would also provide us with a clear direction on requirements from a sector specific company.
In next few months GRI expects to develop sector specific standards covering issues around global warming/climate change, biodiversity conservation and human rights issues.
The disclosure of Sustainability information in the reports by organizations don’t always and consistently address the important issues of that particular sector. In order to have relevant reporting from a particular sector and also to see positive growth in sustainability it is important that companies realize the sustainability challenges in the industry as well as report them in their sustainability reports. GE3S is a renowned sustainability consultant in the Middle East and Indian Sub-continent having worked with more than 20 companies on sustainability reporting.
GRI is encouraging professionals with skills and expertise in the oil and gas as well as coal sector to come forward and take part in working groups and develop a meaningful and robust sectoral guidance. As a growing sustainability consultancy we call upon individuals to play a part in developing a guidance that will go a long way in ensuring sustainable development for our future generations. Reach out to us for any requirements for a sustainability consultant .


Comments

Post a Comment

Popular posts from this blog

GE3S specializes in ISO 50001 Consultancy Service

-
Image
ISO 50001 is standard developed by International Organization for Standardization. It provides guidance on designing, implementing and maintaining an energy management system. ISO 50001 was initially launched in 2011. GE3S helps in achieving ISO Certification in multidisciplinary sectors of ISO. ISO 50001 provides approach for energy management and was developed in response to a request from the UNIDO (United Nations Industrial Development Organization). The main objective is to help organizations develop and implement an energy management system that can helps in energy efficiency and optimization challenges. GE3S with the help of trained and experienced professionals holds sounds understanding of ISO 50001 framework for implementing technical and management strategies that will significantly cut energy costs and greenhouse gas emissions over time. The system includes development of an energy policy, objectives for improving the efficient use of energy, a timeli...
Read more

GE3S: Sustainability consultancy Dubai Abu dhabi

-
Image
Sustainable development is needed now more than ever, because the world is shrinking and so are our resources. The matter of development and environment correlate and hence, can’t move forward without each other. Sustainable development strategies address the issue of how do we have to change the structure and processes of systems we live in to produce more of what we want and less of that which is undesirable to increase our quality of life. GE3S , or Global Energy and Environmental Engineering Services, is an advisory organisation with an aim to progress the field of infrastructure in the light of sustainable developmental ways. GE3S offers EngineeringDesign consultancy , which means to guide a project and advice for the best design possible in terms of its impact on the environment and life of the building. A consulting engineer is high in demand these days and GE3S has a great line up of all such professionals in town. We all know that Sun is the ultimate source of ener...
Read more

Get best Consultancy services for Green Building and on the environment in Dubai, Abu Dhabi….

-
Image
Hi friends, in these days environment concern is everyone first priority, we are lived in the world which we destroyed by our own self and now if we are in that position where if we didn’t start to care for our environment then it’s become impossible to survive our own self and also for our future generation. There are many NGO’s and companies already working on saving our environment and give our next generation a better life. Through this article, we aware our generation about some companies who work as the environmentalconsultant in Dubai . They are a Dubai based company where they aware people for the environment and provide their many services which help you to lead to the sustainable  development. Through their Sustainabilityconsultancy Dubai , Abu Dhabi, you learn some special techniques that help you in developing your near environment and used your resources in that manner where you can use these environment resources where these resources could be saved for ...
Read more