In a major move to modernize sustainability reporting, the Global Reporting Initiative (GRI) has unveiled two new topic standards: GRI 102: Climate Change and GRI 103: Energy. Replacing GRI 305: Emissions and GRI 302: Energy, the new frameworks will become mandatory from 2027.
The update reflects a growing global consensus: climate disclosures must evolve beyond emissions tallies. Developed in line with leading benchmarks like IFRS S2 and the Paris Agreement, the new standards aim to close the gap between reporting and real-world impact.
GRI 102: Climate Change demands a far more strategic approach. Companies will be required to disclose how they manage climate risks and opportunities—not just in terms of emissions, but through governance, long-term planning, and adaptation efforts.
A standout feature is the inclusion of “just transition” reporting, addressing the human side of climate action. Organizations must now account for how their climate strategies affect employees, local communities, and Indigenous Peoples—through job creation, layoffs, retraining, and broader social impacts.
The standard also requires alignment with science-based targets, full value chain emissions removals, and detailed disclosure of carbon credits—what’s bought, used, and from which projects.
GRI 103: Energy introduces similarly robust changes. Beyond tracking energy use and intensity, companies must now report on their commitments to reduce consumption, transition to renewables, and manage the broader economic, environmental, and social impacts of their energy choices.
The standard also calls for transparency across the entire value chain and mandates a clear split between renewable and non-renewable energy sources.
These updates are a clear signal: sustainability reporting is no longer just about numbers—it’s about accountability, strategy, and people. With rising stakeholder expectations and tightening regulations, the new GRI standards mark a turning point in the global push for meaningful corporate climate action.