Three GRI standards that will come into effect in 2021

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Starting this year, companies that disclose their impact through the world's most widely used sustainability reporting standards will be required to adhere to three new and updated standards. Two revised GRI standards were launched in 2018 for occupational health and safety, and water and wastewater. In December 2019, the first global standard on tax transparency was published. and starting January 1, companies that identify any of these issues as material must apply the new rules. Three GRI standards that will come into effect in 2021 GRI 207: Tax 2019 Responding to the information needs of investors, civil society and labor organizations, among others, GRI 207 allows companies to report on each country's tax payments along with their tax management approach. The standard supports transparency in the tax contribution that companies make to the economies in which they operate. GRI 403: Occupational health and safety 2018 This updated Standard addresses reporting on occupational health and safety management, including prevention of harm and promotion of occupational health. Focused on the safety and well-being of employees, the Occupational Health and Safety Standard is of great relevance as companies respond to the new circumstances of the COVID-19 pandemic.

GRI 303: Water and Effluents 2018 GRI 303 offers a holistic perspective of the impact of organizations on water resources. The updated standard considers how water is managed, including impacts on local communities, and provides a complete picture of water use, from extraction to consumption and discharge. For his part, Bastian Buck, Head of Standards at the GRI, said: These three GRI standards that are now in force will be applicable to many organizations around the world, helping them respond to the emerging demands of their stakeholders. From tax Europe Cell Phone Number List transparency to employee well-being and water stewardship, they cover crucial issues that illuminate companies' contributions to sustainable development. GRI standards are intended to enable companies to communicate the full range of their impacts on the economy, environment and society. That is why they are reviewed periodically, their content is updated and new topics are considered. Looking to the future, we are not standing still. This year will see the launch of a major update to the Universal Standards – the disclosures at the heart of all information through the GRI – as well as progress on the new Sector Programme. This continuous development helps us deliver Standards that reflect global best practice in sustainability reporting. Bastian Buck, Head of Standards at the .



Global Energy Outlook 2021 report forecasts the ways in which energy production and demand patterns will change through 2050 and reports that global demand for fossil fuels could peak in 2027, with take into account zero net movement. About half of global GDP was covered by net-zero energy goals as of February 2020, and countries including China, Japan, South Korea and Canada have since committed to strengthening climate goals. Global demand for fossil fuels could peak in 2027. The results of the new report According to edie and the new report, global energy demand is not likely to reach pre-COVID-19 levels for at least another year, four at most. Demand for electricity and gas will recover faster than that for oil, a sector that already had the prospect of decline due to tougher climate legislation. Additionally, aggregate demand for fossil fuels is likely to peak in 2027. Previous iterations of the McKinsey report had pointed to dates within the 2030s, but this version is the first since COVID-19 was declared a pandemic by The OMS. These conclusions are drawn from the analysis of four possible scenarios, ranging from a major shift to align economies with the 1.5C pathway of the Paris Agreement, to a scenario in which nations prioritize short-term job creation.