Sustainability Reporting Based on GRI Indicators

Abstract

Every company wants to make a profit in the short run but doesn’t think about the long run. The environment and human resources are used by the companies but eventually, they will react in a repugnant way. The environment is being polluted every day and it is a threat to human life as well as the world. To assess the impact of activities being done by the companies, a non-governmental organization was established in Boston called Global Reporting Initiative (GRI) in 1997. GRI (Global Reporting Initiative) established a sustainability reporting framework that provides a systematic guideline for the sake of companies to disclose their performance on the environmental, economic, and social degree of sustainability. This study will find out how responsible multinational (listed and non-listed) companies (MNC) in the case of sustainability reporting when they are consistently doing business in the environment of Bangladesh. This study was analyzed based on GRI (Global Reporting Initiative) guidelines towards their reporting on sustainability. A quantitative score from 0 to 3 was given for each of 84 performance indicators (9, 30, and 45 exhibitors for environmental, economic, and social dimensions respectively) of the GRI 3 guidelines based on sustainability reporting. This study reports that tidings on the economic degree are better compared to environmental and social dimensions. Much deviation is reported in environmental and social dimensions, but less deviation is reported in economic dimensions by the selected companies as the sample. Overall, the reporting practices of Nestle Bangladesh Ltd are better than other selected companies.