Respek da Planet
An ESG enthusiast sharing my experiences & opinions on ESG- but not always formal & tight, but casual & fun!
Archive
GRI introduces new reporting standards
GRI’s New Diversity & Inclusion Standards – Corporate Transparency ReimaginedThe Global Reporting Initiative (GRI) an independent global body that creates sustainability reporting standards, has recently adopted new Diversity & Inclusion standards.GRI has recently unveiled draft revisions for workplace “Diversity and Inclusion” and “Non-Discrimination” standards. These drafts are currently open for public comment, following GRI’s strict multi-stakeholder development process, which involves businesses, NGOs, academics, and policymakers.The new standards build on:+International Labour Organization (ILO) conventions, which outline core labor rights globally;+United Nations Guiding Principles on Business and Human Rights;+Feedback from corporate reporters, sustainability auditors, and civil society groups, who have expressed a need for more specific and robust reporting on workplace equity.What has changed?With these updates, the GRI is shifting from simple yes/no performance indicators to a much deeper approach:Companies must report not only on policies but on how diversity and inclusion are embedded within strategy, risk management, and executive oversight.Disclosure of actual workplace outcomes, including protections for vulnerable and underrepresented groups, is now expected.There is a greater focus on tracking and reporting not just “diversity facts,” but also how companies address direct and indirect discrimination—and how they create safe channels for employees to report and resolve discrimination.These updates demonstrate how both legal institutions and leading standard-setters are raising the bar for governments and corporations on ESG issues, grounding future expectations in sources like international law, human rights norms, and globally recognized reporting standards.For more:https://medium.com/@visheshharnal3https://visheshharnal-newsletter-respek.beehiiv.com/https://www.linkedin.com/in/visheshharnal911/
6 Insights from this 4.5 hour podcast-
1. Data‐driven nuance beats doom‐scrollingLomborg emphasizes that while climate change is real, policy decisions should be based on cost–benefit analytics and clear priorities, not panic.What ESG leaders can learn: Prioritize investments with measurable ROI—like clean energy or water infrastructure—based on data-driven impact assessments.2. Adaptation is as critical as mitigationRevkin highlights that we can't depend solely on emissions cuts—resilience (flood defences, crop insurance, community planning) matters too.ESG action: In India and elsewhere, fund resilience strategies such as sustainable agriculture and urban climate adaptation.3. Scale matters—and so does equityThe debate notes that small-scale interventions won’t suffice—we need large-scale, inclusive solutions.ESG insight: Combine capital from public and private sectors to drive equitable climate programs, especially reaching underserved communities.4. Governance builds trustRevkin stresses transparent, accountable policy frameworks.In India: ESG compliance succeeds when backed by strong governance—clear reporting, credible third-party audits, and stakeholder engagement.5. Innovate, but stay vigilantThe experts acknowledge tech’s promise—CCS, renewables, novel materials—but warn against unproven silver bullets.Your role: Support R&D with pilot guarantees, but rigorously evaluate scale, lifecycle impacts, and resource constraints.6. Communicate with clarity and credibilityThe discussion underscores that public perception often skews policy. Overselling "crisis" risks backlash or apathy.ESG leaders: Frame your sustainability narrative with transparent, evidence-backed storytelling—celebrate short-term wins while committing to long-term progress.Podcast Link here: https://lnkd.in/dmTHcTyJFollow on medium for more-https://lnkd.in/d3mCNWr9
