UNEP and Global Reporting Initiative (GRI) create environmental performance indicators
The United Nations Environment Program Financial Institute together with Global Reporting Initiative (GRI) and a large number of other partners have collaborated to create environmental performance indicators for the financial sector.
The sustainability reporting project began with a development group in 2003-2004 which created environmental performance indicators for the financial sector, released in March 2005. In 2006-2008 a pilot group was formed from 11 financial institutions and 8 stakeholder groups was formed, representing a range of different regions and experience. Over the two year period the group tested and reviewed the draft versions of the GRI Financial Services Sector Supplement.