The Global Reporting Initiative (GRI) has published its Sustainability Reporting Standards in Arabic.
As Arab countries begin to move from oil-dependent economies, non-financial reporting has become increasingly important within the region. The area is currently facing major sustainability challenges as the area is the world’s most water-scarce and food-import-dependent region.
According to a report by the United Nations Development Programme, it is the only region where malnutrition rates have been rising.
Businesses play an important role in implementing the UN’s sustainable development goals as companies can translate profits into sustained economic growth, social inclusion, and environmental protection.
By following non-financial reporting standards, companies can report on their long-term economic, social, and environmental objectives in a manner that is consistent and comparable which can be shared with stakeholders and investors.
GRI CEO Tim Mohin said: “The Arab countries have seen significant economic and social progress in the past decades. We are very supportive of this development, and hope that the launch of the Arabic translation of the GRI Standards will further support the ongoing sustainability drive in the Arab countries.”
The translation was sponsored by Zamzam Society for Charitable and Voluntary Health Services and Saad and Abdul Aziz Al-Mousa Endowment. GRI also used the help of translator facilitator Sustainability Excellence.