What Challenges Do Companies Face in GRI Reporting?
While GRI reporting offers numerous benefits, it also presents several challenges. These include:
Data Availability: Collecting accurate and reliable data can be difficult, especially for multinational companies. Resource Intensity: The process can be resource-intensive, requiring significant time and effort from various departments. Stakeholder Engagement: Engaging a diverse range of stakeholders to identify material issues can be complex. Standard Changes: The GRI standards are periodically updated, requiring companies to stay informed and adapt to new requirements.