Which organization is typically involved in setting sustainability standards worldwide?

The Global Reporting Initiative (GRI) is the organization typically involved in setting sustainability standards worldwide. GRI provides a comprehensive framework for sustainability reporting that helps organizations understand and communicate their environmental, social, and economic impacts. This framework encourages transparency and accountability, guiding companies in reporting their sustainability practices and performance to stakeholders, including investors, consumers, and the broader public.

This role is crucial in promoting sustainable business practices globally, as it aligns organizational activities with broader sustainability goals. Many businesses and organizations utilize GRI standards to disclose their sustainability efforts, demonstrating a commitment to responsible practices and helping to drive improvements across various sectors. By setting a clear benchmark for sustainability reporting, GRI plays a pivotal role in fostering an environment where sustainability is prioritized and measured effectively.