GRI Update
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GRI 2021 Update: Materiality Assessment Explained with ESG Report Examples from 6 Companies
GRI released its Universal Standards 2021 on 5 October 2021, effective from 1 January 2023. The update replaces GRI 103: Management Approach with GRI 3: Material Topics 2021. GRI will also progressively publish 40 Sector Standards to guide companies on sustainability disclosures. This article explains the updated material topic assessment process step by step and presents examples from 6 leading companies to help you understand the latest materiality approach.
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