GRI 306: Waste 2020 pushes the boundaries towards circular measuring and reporting

The image shows a plastic bottle floating within the ocean.

GRI 306: Waste 2020 pushes the boundaries towards circular measuring and reporting

 

April has been an intense and important month for sustainability leaders across the globe. During the recent Leaders Climate Summit 2021, US president Joe Biden vowed to cut 50 to 52 percent of the country’s greenhouse gas emission by 2030. Other leaders have also stepped in to reveal their plans to tackle the climate crisis. While the meeting is an important step towards changes that will result in concrete actions, several efforts and governance towards battling the climate crisis have already been on the way.

The GRI 306: Waste 2020, a new standard coming into effect in January 2022, will require companies to disclose their waste management and impact along the entire value chain. The goal is to help organizations better understand their waste generation and crate opportunities to mitigate waste, pollution and boost circularity in design, procurement and operations. But how can organizations measure and report on their performance?

In an insightful piece by our partner KPMG, their circular economy experts behind their circular economy program unpacks the role of the Circular Transition Indicators framework and accompanying CTI Tool in helping businesses across the globe measure and report on their circular performance.CTI is closely aligned with GRI, which gives businesses a massive advantage in working towards sustainable goals.

As the team of experts mention, “when it comes to waste disclosure, GRI, along with CTI, provides a common language for both internal and external stakeholders, and is another marker in the move towards universal standards for environmental, social and governance (ESG) reporting.”.

Are you ready to comply with GRI 306 and push towards a circular model? Are you struggling to measure and report on your circular performance and don’t know where to start?

Get in touch and we can help you get started with CTI and the CTI Tool. Start small and work steady towards achieving your biggest sustainability goals!

Click here to read the whole piece by our partner KPMG.