In 2017, GRI’s independent standard-setting body, initiated a project to develop new disclosures related to tax and payments to governments, which will be considered for incorporation into the GRI Standards.
This work aims to help promote greater transparency on a reporting organization’s approach to taxes. Making tax data more widely accessible will help build stakeholder trust and contribute to better-informed policy and investment decisions.
After a long period of work (draft development, objection, re-examination, finalization), in September 2019, “GRI 207: Tax 2019” Standard was approved.
This new standard will come into effect on 1 January 2021.*