Advancing Collaboration: Progress in the GRI and EFRAG Partnership

GRI-ESRS Interoperability Index Released

In a significant step forward for collaboration between GRI and EFRAG, the organisation responsible for developing the European Sustainability Reporting Standards (ESRS), the official GRI-ESRS Interoperability Index is now available for download.

This Index serves as a practical tool for companies, mapping the alignment between GRI Standards and the ESRS. It highlights the considerable synergy between these frameworks, helping organisations avoid duplicate reporting requirements. The Index corresponds to data points outlined in the three ESRS Implementation Guidance documents, offering valuable insights for existing GRI reporters aiming to comply with new EU regulations.

Key benefits of the GRI-ESRS Interoperability Index:

  • Simplifies reporting by reducing duplication across GRI and ESRS frameworks;
  • Assists companies in understanding data point alignment for compliance;
  • Supports a seamless transition for GRI reporters adapting to EU standards.

As outlined in a joint statement issued in September 2023, the close collaboration between GRI and EFRAG during the creation of the ESRS has resulted in a high degree of interoperability. This enables a smoother transition for GRI reporters adapting to ESRS requirements. Furthermore, organisations adhering to ESRS standards are recognised as reporting “with reference” to the GRI Standards, while GRI reporters can leverage their existing disclosures to produce an ESRS-compliant sustainability statement.

With the growing emphasis on digital reporting, GRI and EFRAG are actively collaborating to align their XBRL taxonomy efforts, building on the ongoing Memorandum of Understanding (MoU) between the two entities.

Key aims of digital taxonomy alignment:

  1. Ensuring a seamless shift from traditional reporting to digital formats.
  2. Enhancing data accuracy and accessibility for all stakeholders.
  3. Facilitating standardisation across sustainability reporting frameworks.

This alignment is vital for enabling organisations to transition seamlessly from traditional reporting formats to digital platforms. By harmonising digital taxonomies, GRI and EFRAG aim to enhance the precision and accessibility of sustainability data, ensuring that it is both comprehensive and easily interpretable for stakeholders.

Momentum for Transparency

From January 2024, the ESRS applies to over 42,000 organisations, including large companies within the EU and those listed on European stock exchanges. For further insights, the GRI and Sustainability Reporting in the EU Q&A provides detailed guidance on what the ESRS means for GRI reporters.


Download a document:

The official GRI-ESRS Interoperability Index, November 2024