Global Reporting Initiative announced the launch of GRI 306: Waste 2020, the first globally applicable tool for organizations to report and communicate on their waste impacts. The Waste Standard introduces a stronger relationship between materials and waste to assist reporters in identifying and managing their waste-related practices, and impacts, throughout their value chain.
By including updated disclosures, circularity and waste prevention concepts, the Waste Standard reflects global best practices on waste management. This provides for a practical and usable tool and harmonization with SDG 12. GRI 306: Waste 2020 includes two management approach and three topic-specific disclosures that will support organizations to:
- Understand and publicly report how procurement, design and use of materials lead to waste-related impacts.
- Provide comprehensive insights into the quantity and quality of waste – including its causes, where it is generated and how impacts are managed.
- Identify and report on circularity and waste prevention opportunities and actions.
- Assess and take responsibility for waste generated throughout the value chain, both upstream and downstream.
The Waste Standard updates, expands and replaces GRI 306: Effluents & Waste 2016. It is applicable for organizations of all sizes, wherever they are in their waste management and reporting practice. The content of GRI 306: Waste 2020 was developed by a 15-member expert working group and underwent an open public comment period in 2019.
To support the public release of GRI 306: Waste 2020, GRI has organized the following webinars:
- 9 June – A waste standard for the post-pandemic world: How COVID-19 has impacted waste management globally, and role of GRI 306 to enable transparent reporting and stakeholder engagement.
- 11 June – Waste reporting – a gateway to the circular transition: Importance of circularity for business resilience and the tools that can help (as provided by GRI, Ellen MacArthur Foundation and WBCSD).