CSR Europe and the Global Reporting Initiative (GRI) have signed a Memorandum of Understanding (MoU) to outline their collaboration over the next three years.
The collaboration is intended to build an "information exchange relationship" aimed at supporting enhanced sustainability management and transparency, as well as delivering on EU goals to build capacity. The two organisations will also look at the possibility of hosting a European Centre of Excellence to improve awareness of – and capacity for – integrated performance and reporting.
The MoU shows how the activities of coalitions and networks can help the EU and national governments to develop efficient and effective policy, in order to capitalise on frameworks, best practice and benchmarks to improve reporting.
Both organisations hope future EU policy will provide medium and long-term support for better leadership and management practices, and look forward to stakeholder proposals on sustainability for consideration by the European Commission and the European Parliament.
Stefan Crets, executive director of CSR Europe, said the collaboration ensures the organisation’s "practical experience, complementary work and positions can best support companies in a very practical way" while contributing to policy developments to benefit "sustainability reporting as a means towards integrated performance and trust building."
Ernst Ligteringen, chief executive of GRI,said the MoU would help the two organisations "leverage their expertise, while drawing on the cumulative learning embedded in the GRI Guidelines, so that our two organizations can work with the EU institutions to promote a culture of transparency and accountability across the region."