Global Reporting Initiative Co-launches Impact Management Project
Global network of standard-setting organizations to accelerate widespread adoption of impact measurement and management
October 10, 2018 /3BL Media/ - A group of leading global organizations, including the Global Reporting Initiative (GRI), have joined forces to create the Impact Management Project. This network is an unprecedented effort to develop methods to measure the environmental and social impacts of investment decisions. The goal is to align investment with sustainable business practices in order to achieve the Sustainable Development Goals (SDGs).
This network is the next step for the IMP, which became a leading impact measurement methodology as part of Bridges Fund Management.
By joining the key organizations in impact management, this new network aims to bring impact investing into mainstream finance. GRI has long been the global standard for corporate disclosure of environmental, social and governance information. The Impact Management Project network offers a unique opportunity to advance the usage of these disclosures in mainstream investment decision making.
As Tim Mohin, GRI’s Chief Executive said, “With ninety-two percent of the largest companies reporting sustainability information and seventy-five percent using the GRI Standards, there is already a vast supply of consistent information. The Impact Management Project network offers the opportunity to unlock the power of this information for mainstream investors. With the leadership of the United Nations Development program, the tools created by this network will have the global reach to help accomplish the Sustainable Development Goals.”
The network is an unprecedented collaboration between GRI and the United Nations Development Programme, the International Finance Corporation, the Organisation for Economic Co-operation and Development (OECD), Social Value International, the Global Impact Investing Network, the Principles for Responsible Investment, the World Benchmarking Alliance, and the Global Steering Group for Impact Investments.
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Communications Specialist, GRI
Tel: +31 20 531 0045 | Mobile: +31 6 2320 9202
GRI is an independent international organization that has pioneered sustainability reporting since 1997. GRI helps businesses and governments worldwide understand and communicate their impact on critical sustainability issues such as climate change, human rights, governance and social well-being. This enables real action to create social, environmental and economic benefits for everyone. The GRI Sustainability Reporting Standards are developed with true multi-stakeholder contributions and rooted in the public interest.