SASB Standards enable businesses around the world to identify, manage and communicate financial-material sustainability information to their investors. The Standards, which are available for 77 sectors, define the subset of environmental, social, and governance (ESG) concerns that are most important to each industry’s financial performance.
The Global Reporting Initiative (GRI) is an independent, international organization that helps businesses and other organizations in taking responsibility for their impacts by providing them with a global-common language to communicate their impact on issues like climate change, human rights, and corruption. The GRI Standards are the world’s most extensively utilized sustainability reporting standards.
The term “net-zero” refers to maintaining a balance between carbon emitted into the atmosphere and carbon removed from it to avoid future threats, generate decent employment, and enable inclusive, long-term growth. The UNFCCC’s Race to Zero initiative, which mobilizes cities and organizations to achieve net-zero carbon emissions by 2050, includes the B Corp Climate Collective as a member organization.
By allowing businesses to set science-based carbon reduction objectives, the Science-Based Targets initiative (SBTi) encourages ambitious climate action in the private sector. The SBTi has also released the world’s first Corporate Net-Zero Standard, which aims to guarantee that firms’ net-zero goals are translated into action that leads to a net-zero world by 2050.