The World Federation of Exchanges (WFE) has revised its sustainability reporting guidance for their member exchanges, which is now aligned with the Global Reporting Initiative (GRI) Sustainability Reporting Standards.

The benefit for companies which already report under the GRI standards is that they will not have to adopt a range of new standards introduced by the WFE.

GRI has produced a linkage document which makes it easier for companies to match the WFE standards to the corresponding GRI standards.

GRI is currently referenced by 36 stock exchanges globally.

GRI chief of standards Bastian Buck said: “Stock exchanges have a key role in driving sustainability reporting, which is a crucial element for corporate transparency and responsible business practices. We are pleased to see the World Federation of Exchanges take leadership with the initiative that will undoubtedly drive comparability in ESG reporting.

“GRI will continue working with stock exchanges around the world to establish the GRI Standards as the basis for reporting on the WFE recommendations.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

WFE head of research and public policy Siobhan Cleary said: “With more issuers engaging in ESG reporting, and more investors using this information, it is important to drive towards standardisation of ESG reporting.

“For this reason, the WFE is delighted to see the GRI’s publication of a tool which maps the WFE’s ESG metrics to the GRI Standards. This ensures alignment of reporting and will contribute to enhancing the overall quality of reporting.”