ESG for Industry

GRI Pilots Fast-Track Sector Standard for Food and Beverage

GRI will build its first fast-track sector standard for food and beverage, a sector it ties to one third of global emissions, covering processing, beverages and tobacco across full value chains.

GRI to Launch New Sustainability Reporting Standard for Food and Beverage Companies
GRI to Launch New Sustainability Reporting Standard for Food and Beverage CompaniesAI-generated

Waypoints

  1. GRI will develop a new sector reporting standard covering food processing, alcoholic and non-alcoholic beverages, and tobacco products.

  2. GRI's project page attributes roughly one third of global emissions to food and beverage industries.

  3. The standard is the first to pilot GRI's streamlined Sector Standards development approach, designed to shorten development timelines.

  4. GRI published its first sector standard, for oil and gas, in 2021, followed by coal; agriculture, aquaculture and fishing; mining; and textiles and apparel.

  5. The Global Sustainability Standards Board (GSSB) develops the GRI Standards; sectors are prioritized by impact severity and likelihood, sector size, geographic distribution, and potential user base.

The Global Reporting Initiative (GRI) will develop a new sector standard for food and beverage companies, the organization announced, marking the launch of a streamlined development process designed to cut the time needed to produce industry-specific reporting guidance.

The food and beverage standard will be the first to pilot the new approach. GRI said it selected the sector for the pilot because of the scale and breadth of its sustainability impacts.

The scope is broad. According to GRI's project page, food and beverage industries account for roughly one third of global emissions, exert a direct effect on public health, and carry safety risks for their workers. The standard will cover food processing, manufacturing of alcoholic and non-alcoholic beverages, and tobacco products. It will require companies to consider impacts across their own operations and their value chains, including linkages to agriculture, aquaculture, and fishing — sectors for which GRI has already issued separate standards.

Peter Dawkins, GRI Standards Senior Manager, framed the rationale in a statement: "The food and beverage sector touches almost every part of society, while its value chains are closely connected with some of the most pressing sustainability challenges we face. From climate change and biodiversity loss to working conditions and public health, companies need to understand and transparently report their impacts."

How the GRI sector standards stack up

GRI Sustainability Reporting Standards rank among the most widely used global frameworks for corporate sustainability disclosure. The Global Sustainability Standards Board (GSSB), GRI's independent standard-setting body, develops them. The sector standards program aims to identify each sector's most significant impacts and reflect stakeholder expectations for sustainability reporting.

The first sector standard, covering oil and gas, was published in 2021. GRI has since released standards for coal; agriculture, aquaculture and fishing; mining; and textiles and apparel. Food and beverage companies currently fall under the general standards plus the agriculture and fishing sector standards where applicable — a gap the new standard will close for processors, beverage manufacturers, and tobacco producers.

GRI prioritizes sectors for standard development based on the seriousness and likelihood of their impacts, the overall size of the sector, its geographic distribution, and the number of organizations positioned to apply the GRI Standards.

What it means for disclosure pipelines

For sustainability and compliance teams at food processors and beverage manufacturers, the new standard signals a coming shift in what counts as complete GRI-aligned reporting. Once finalized, companies reporting under GRI will have sector-specific expectations covering impacts from their own operations through to agricultural inputs — a disclosure perimeter that spans land use, labor conditions, and supply chain safety risks.

The streamlined development process itself is the other story to track. If the pilot compresses the timeline for food and beverage without diluting the standard's content, GRI could replicate the model across the remaining sectors on its priority list, accelerating the pace at which industry-specific disclosure expectations reach companies worldwide.

The milestone to watch now is the publication of the exposure draft for public comment — the point at which food and beverage companies, and their suppliers in agriculture and fishing, can see exactly which impacts the GSSB expects them to report.

via ESG Today (Source)

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Market editor covering business strategy at Circular Wire.

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