The GRI Standards transcend traditional corporate social responsibility (CSR) and environmental, social and governance (ESG) reporting frameworks by incorporating a materiality-based and precautionary principle approach towards sustainability reporting. The private sector considers the GRI framework most meaningful in fulfilling stock exchange and certification reporting requirements.
Equator Principles determines, assesses, and manages environmental and social risk in project finance, adopted largely as the minimum standard for due diligence particularly for investment initiatives with high potential for adverse impacts. EP is typically a requirement to qualify for industry-specific bank loans and below-market interest rates, if a relevant threshold is met.
B Corporation (B Corp) certification refers to a minimum assessed score for social and environmental performance including in areas of positive governance, workers, community, environment and product/service provided, representing that a for-profit company has met B Lab commitments to stakeholders. There are a variety of tax, customer acquisition, and branding benefits.