Professional reporting on sustainability
For reporting, the Uelzena Group uses the globally recognized GRI guidelines in its current version: the “GRI Standards”. Since 2018, a modular system consisting of 36 standards with a total of almost 500 pages has been the basis for GRI-reporting organizations.
The Uelzena Group started its sustainability reports in 2014. The management deliberately opted to closely align its reports with the guidelines of the Global Reporting Initiative (GRI) because specific criteria make it easier for the company to manage sustainability. Moreover, uniform information on the performance of companies make comparisons easier and with that comes transparency for the stakeholders.
On a worldwide scale, no other standard is used as much as the GRI guidelines. This is a decisive advantage for the Uelzena Group because most of their customers are international corporations from the food industry. Another factor contributing to the good reputation of the GRI is that the renowned United Nations Environment Program was involved in its development.
Current version: GRI Standards
Since their first draft, the GRI Standards have been subject to an ongoing review. Further development into the current version of the "GRI Standards" does not represent a break with the previous versions. In addition to universal standards, there are specific modules on economic, social and environmental topics. The GRI Standards feature the following:
- Central reporting guidelines apply; this includes stakeholder engagement. The selected themes of the report must also be significant and embedded in a broader sustainability context. Furthermore, the company should cover the topics completely.
- Reporting principles for defining report content and quality apply. This means the reporting must be precise, balanced and comprehensive. Content and information must be of high quality, comparable, up-to-date and reliable.
- Selection and analysis of essential topics performed are based on a materiality analysis, which follows a plausible and transparent process.
- Each topic defined will be managed - with strategic goals, effective actions and a frequent evaluation of what has been achieved. These management approaches are also the central and structural reporting element.
- Each GRI reporting organization must explain whether it reports according to the "Core" or "Comprehensive" option. These options are based on a table with criteria that need to be met, but which differ in quantitative and qualitative aspects. In addition, at the preliminary stage, there is the possibility of reporting "according to GRI".
- Relevant additional criteria from guidelines typical for a certain industry are available - for the Uelzena Group these are “food processing” criteria.
- Companies are also allowed to develop their own topics and criteria as long as they comply with the GRI quality principles.
The Uelzena Group report is based on the “Core” option.