100% of all state-owned companies in Sweden writes since 2008 a sustainability report according to GRI

To report according to GRI – Global Reporting Initiative, a certified sustainability reporting framework, has been a requirement by law for all government agencies in Sweden since 2008. According to a government report from September 2010, this legal requirement has given government agencies a more structured and easy-to-monitor sustainability work. About half of the agencies have developed new purchasing procedures and more than half have implemented new practices in the fields of sustainability and environment.

GRI reporting is divided in 3 areas of performance and impact, all of them important:

1. Economic Responsibility​
It is about carrying out activities in a way that a company or organisation makes as much money as possible and therefore it is accountable to the shareholders for both, securing the company’s financial position and for giving them a return on investment.

2. Environmental Responsibility
It is about carrying out activities in a manner that a company or organisation does not impact our planet and natural resources in a long-term negative way.

3. Social Responsibility​
It is about carrying out activities in a way that a company or organisation features good citizens, this means, considering the health and well-being of other citizens, whether they are co-workers, employees of suppliers/contractors, business partners or consumers.

Would you like to read Houdini Sportswear first GRI report? Read it here: http://www.houdinisportswear.com/se/global-reporting-initiative