A new global waste standard has been released by the Global Reporting Initiative (GRI) to enable companies to track their waste generation and encourage a shift towards sustainable business practices. The updated waste standard GRI 306: Waste 2020 was developed by GRI’s multi-stakeholder project working group, overseen by the Global Sustainability Standards Board (GSSB).
The GRI waste standard is formed of five disclosures:
- Disclosure 306-1: Waste generation and significant waste-related impacts
- Disclosure 306-2: Management of significant waste-related impacts Topic-specific disclosures require reporting information about the quantity of waste generated, its composition, and how it is recovered or disposed.
- Disclosure 306-3: Waste generated
- Disclosure 306-4: Waste diverted from disposal
- Disclosure 306-5: Waste directed to disposal
GRI encourages companies to use the waste standard to not only assist in the transition towards a circular economy, but to also improve their transparency regarding waste management and illustrate they are adopting a “holistic, responsible and progressive approach” to stakeholders. GRI is an international organization which intends to help businesses and governments globally understand and communicate their impact on critical sustainability issues. GRI 306: Waste 2020 is now freely available on its website as part of the GRI Standards.
Source: Resource
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