GRI continues to deliver the most effective global sustainability standards, while it is focused on doing even more to support companies to provide high quality, accessible and impactful reporting.  

That was a key message from Jack Ehnes – Vice Chair of the GRI Board, and CEO of CalSTRS (California State Teachers’ Retirement System) – as he addressed the GRI Reporters’ Summit in Arizona, USA, yesterday.

January 23, 2020 /3BL Media/ - Why has the world’s leading sustainability standard setter launched a new reporting standard on tax – and how can organizations start to understand and use it to disclose their impacts?

To help answer these questions and many more, GRI is holding free webinar sessions on January 29, open to all those with an interest in the new Tax Standard. GRI 207: Tax is the first global standard for public, country-by-country reporting on tax. It also includes disclosures on tax strategy, governance and risk management.

On 3 April 2016, the world woke up to revelations in the Süddeutsche Zeitung newspaper laying bare the murky use of offshore financial services and shell companies, which some individuals and companies were using to minimize their tax liabilities.

The Panama Papers, as the multi-country investigation became known, provided sensational stories involving politicians, rock stars and royalty. But what it also laid bare was the scale of global business’s tax avoidance – often entirely legal.