November for GRI has been about cooperation, working with companies to kick-off or improve their reporting, and with other frameworks to achieve better alignment. From GRI in the Corporate Reporting Dialogue, to its participation in P4G in Denmark, the emphasis is on alliance and collaboration.
Sustainability reporting can really help companies of all sizes, and anywhere in the world to improve their own processes and publicly demonstrate their responsible business practices. Through its Competitive Business Program and with with the support of SECO (Swiss State Secretariat for Economic Affairs), GRI helped SMEs in Ghana report for the first time. Participating SMEs and GRI learnt that sustainability reporting can lead to clear business benefits for smaller companies in developing countries, and that digital tools can encourage and facilitate reporting.
According to the World Bank Group, close to 95% of all businesses worldwide can be classified as small and medium-sized enterprises (SMEs). That is some 400 million companies, that form the backbone of the global economy. As such, they have an important part in the global economy and play a crucial role in a more sustainable world.
Through the Competitive Business Program, GRI is working in the developing world to stimulate more transparency on how small and medium-sized enterprises (SMEs) are impacting our global society and world. In this video GRI Chief Executive Tim Mohin talks about why large enterprises should join the program in the target countries (Colombia, Ghana, Indonesia, Peru, South Africa and Vietnam) and motivate their SMEs suppliers to begin reporting on their sustainability impacts.
Sustainability reporting by small and medium business enterprises (SMEs) can have a big economic impact. We talk to Katrin Ochsenbein, to understand the relevance of sustainability reporting in the Swiss approach to economic development cooperation and trade promotion in Asia. Katrin is Program Manager in the Trade Promotion Division at the Swiss State Secretariat for Economic Affairs (SECO). Here Katrin explains how improving reporting capacity of SMEs will promote sustainable value chains, and help emerging economies leapfrog in their development.
Triggering tangible economic, social, and environmental improvements in the developing countries was the underlying essence of GRI’s second annual donors meeting. The discussion centered on GRI’s work in emerging markets and how sustainability reporting can support solutions for tackling critical development challenges.