Global Reporting Initiative (GRI) is seeking input from international specialists and advocacy groups to shape its draft Waste Standard.
GRI is an independent international organisation that helps businesses, governments and other organisations understand and communicate their sustainability impacts.
According to GRI Global Sustainability Standards Board Chair Judy Kuszewski, GRI standards are the world’s most widely adopted sustainability reporting framework.
“In the face of a growing global waste crisis, new corporate reporting disclosures are being developed by GRI to help organisations better understand and communicate their waste impacts,” Ms Kuszewski said.
“The new Waste Standard will help companies improve their waste management, with a strong emphasis on the transition to a circular economy.”
The initial draft standard was developed by a multi-stakeholder project working group appointed by the Global Sustainability Standards Board to review, revise and expand the content of waste disclosures, and is an update on GRI 306: Effluents and Waste 2016 .
“The draft GRI Waste Standard recognises that our linear, ‘take-make-waste’ approach is contributing towards a global waste crisis,” Ms Kuszewski said.
“As the world moves to a more circular economy, in which we treat waste as an input material for production, a new approach to reporting is needed.”
Ms Kuszewski said the draft agues for a fundamental shift in the perception of waste, greater emphasis on how decisions on procuring and using materials relate directly to waste generation and new disclosures to understand how discarded waste has been created and the significance of its impact.
“International recognition of the need for action on waste is increasing, and the scale of the issue – from the effect of plastics in marine ecosystems to the mounting disconnect between food waste generation and global hunger – illustrates why businesses and other organisations need to play their part by improving waste management practices,” Ms Kuszewski said.
“The standard will help companies better understand and measure their waste impacts, disclosing reliable and comparable data that ultimately supports better decisions.”
The public comment period is open until 15 July, with contributions welcomed from anyone irrespective of sector, type of business or location.