GRI launches Climate Change and Energy standards GRI 102 and GRI 103

The Global Reporting Initiative introduced GRI 102: Climate Change and GRI 103: Energy to standardise corporate sustainability disclosures, fully aligned with the GHG Protocol and interoperable with IFRS S2. The harmonised framework helps Indian companies consolidate reporting across overlapping disclosure regimes.

The Global Reporting Initiative introduced two standards, GRI 102: Climate Change and GRI 103: Energy, to sharpen the clarity, consistency, and comparability of corporate sustainability disclosures. Developed over a two-year multistakeholder process by the Global Sustainability Standards Board, GRI 102 focuses on greenhouse gas emission reductions through science-based targets and incorporates just transition indicators addressing workers, local communities, and Indigenous Peoples. GRI 103 maps how organisations manage and reduce renewable and non-renewable energy use, linking decarbonisation to operational performance.

Companies reporting under GRI, particularly dual-standard users, are most affected. A major innovation is full alignment with the Greenhouse Gas Protocol, the leading emissions accounting framework, allowing organisations to use equivalent IFRS S2 disclosures issued by the ISSB to fulfil GRI 102 requirements for Scope 1, 2, and 3 emissions, reducing redundancy. GRI confirmed the standards are closely aligned with the European Sustainability Reporting Standards, particularly ESRS E1 on Climate Change, and the SBTi Corporate Net Zero Standard.

To support implementation, GRI offers a new online training course, detailed FAQs, and pilot programs under its GRI Community Early Adopter initiative, helping businesses extract decision-useful data for regulatory filings, ESG assessments, and transition planning. ESG professionals should adopt these resources to consolidate reporting and meet evolving disclosure requirements. The harmonisations with the GHG Protocol, IFRS S2, ESRS, and SBTi offer a coherent structure to communicate climate strategies credibly to regulators, investors, and civil society in an expanding regulatory environment.

Key figure — Development period: two-year multistakeholder process