GRI reporting framework
Global Reporting Initiative (GRI) is a reporting framework, and it sets out the principles and indicators that organisations can use to measure and report their economic, environmental, and social performance. The cornerstone of the framework is the Sustainability Reporting Guidelines (G3), of which the third version was published in 2006.
The benefit of using GRI is that our report can be used to benchmark organisational performance with respect to laws, norms, codes, performance standards and voluntary initiatives; demonstrate organisational commitment to sustainable development; and compare organisational performance over time.
To show the extent to which the GRI Guidelines have been used, a company can conduct a GRI self-assessment. There are three levels, A, B, C (A being the highest and C the lowest). Furthermore, a “plus” (+) can be added at each level (ex., A+, B+, C+) if the report is verified by a third party.
Grundfos' Sustainability Report from 2010 is self-declared as a B+ report, maintaining the GRI performance from the 2009 report.