International sustainability standard-setter, GRI and the International Organisation of Employers (IOE), the world’s largest private sector network, have announced a partnership agreement stating their intent to stimulate business action on sustainable development.
Both organizations share a mutual belief that the private sector must play a pivotal role in solving the world’s most pressing challenges.
The Memorandum of Understanding between the two organizations lays out several areas of collaboration to support large organizations as well as small and medium-sized enterprises (SMEs).
GRI and the IOE will begin working together this year to develop guidance for SMEs on how to build their capacity for sustainability disclosure and communication particularly because of the critical mass SMEs represent within the business community. The partnership aims to better equip them to be able to access new markets and attract different sources of capital.
The partnership will be formally launched at the 5th GRI Global Conference: Empowering Sustainable Decisions, 18- 20 May, in Amsterdam.
In signing this agreement, the parties recognize that through partnership and collaboration, they can scale up their efforts to help create a more sustainable global economy and world.