Companies in Action
Xylem uses the GRI framework and multiple third-party partners to verify its sustainability disclosure. Xylem sets a standard for comparability and validation in corporate disclosure by not only using the globally accepted GRI framework for its sustainability reporting, but by going beyond and partnering with outside organizations to validate the company's metrics. Xylem’s work with third-party verifiers lends credibility to its disclosure and provides opportunities for the company to align its approach with industry standards. In its most recent report, the company outlined its work with three data validators, including the Sustainability and Health Initiative for NetPositive Enterprise (SHINE) at the Massachusetts Institute of Technology (MIT), ERM Certification and Verification Services, and the World Business Council.
General Motors leverages leading sustainability disclosure standards to communicate impact across focus areas. As stakeholder expectations continue to evolve, globally accepted disclosure standards remain an important tool for bringing credibility and comparability to corporate actions. In 2019, General Motors continued to report on its sustainability efforts in alignment with the GRI Standards as well as the SASB guidelines, reporting on key metrics in the Transportation Standards. Looking to strengthen its disclosure of climate-related financial risks and opportunities, General Motors has begun using the TCFD framework in its sustainability report, complementing information being released through CDP. The company also reports against the United Nations Global Compact (UNGC) principles and highlights the most relevant targets within the Sustainable Development Goals (SDGs), pointing to specific examples of impact. The company’s latest report provides clear indices for each of these frameworks, which help stakeholders navigate the standards and assess the company’s performance.
Merck & Co releases sustainability report using the GRI and SASB standards. Companies are leveraging disclosure frameworks to communicate sustainability commitments, increasing access for stakeholders to comparable and credible information. To streamline efforts and foster comparability, international pharmaceutical company Merck & Co releases an ESG report that combines the GRI and SASB standards throughout the document, highlighting the applicable indicators under each section. The company has an interactive corporate responsibility website and also releases a stand-alone report covering trended data across key performance indicators.