Seminar on sustainability reporting

Global reporting should be transparent and wrong reporting should not be repeated like in the Satyam corporate fraud case. The reporting should be more focused towards consumer awareness, R Karikal Valavan, state commissioner of industries, said. He was speaking at a seminar on sustainability report under Global Reporting Initiative (GRI)-G3 guidelines, organised by the Federation of AP Chambers of Commerce and Industry (Fapcci) in association with Partners in Change, Oxfam India and city-based Smaat Aqua Technologies Private Limited. GRI, a project of the United Nations Environment Programme, provides global standard for reporting on a company’s sustainability. G3 guidelines, on the other hand, consist of principles and disclosure items which help reporters define the report content, the quality and give guidance including on materiality and stakeholder inclusiveness.