The implementation of new mandatory sustainability reporting requirements poses significant challenges, particularly for export-oriented SMEs in Emerging Markets and Developing Economies. While new regulations primarily target European companies, their indirect impact extends globally as multinational companies request sustainability data from their suppliers. With corporate sustainability now a key requirement for accessing global markets, building strong capacities in this area becomes essential to maintain competitiveness in international value chains.

The programme supports SMEs within global supply chains, in strengthening their corporate sustainability practices to meet new legislative requirements and retain access to global markets. The project strengthens SMEs by enhancing their capacity to adopt and report on sustainability practices within national and global value chains. It provides comprehensive training and practical guidance to improve SMEs' skills, reporting compliance, and transparency. Clear sector-specific standards are developed to enhance the quality and comparability of reports, while digitalizing reporting processes increases access to data, supports decision-making, and boosts adherence to sustainability standards. Additionally, the project engages with regulators and other standard-setters to influence policy decisions and promote interoperability between reporting standards. The programme operates regionally across South-East Asia, Latin America and Africa.

SMEs, identify relevant sustainability topics for their business and report on them with the GRI Standard

National and international policymakers, regulators, and standard setters align their sustainability frameworks to ensure interoperability

Expected results:  

Local partners are trained to enhance the sustainability reporting capacities of SMEs

A sector-specific standard for the Food and Beverage industry is developed to support and enhance sustainability reporting of SMEs and other reporting organisations

Digital tools and relevant guidance are developed to enhance the accessibility of sustainability reporting for SMEs and other reporting organisations and to enhance interoperability

International and national policymakers, regulators, standard setters and other relevant stakeholders have enhanced their understanding and capacity on the key frameworks for sustainability reporting and the benefits of interoperability

Multi-stakeholder dialogue involving ESG data users and producers is established to optimize the use of digital sustainability data

Results from previous phases:  

Since SECO and GRI began cooperating in 2012, the program has significantly broadened and strengthened sustainability reporting globally. Initially a niche practice, sustainability reporting through GRI Standards has increasingly become a standard element of corporate governance.

GRI Standards impacts on business have been substantial. A 2024 Impact Evaluation showed that GRI Standards provide tangible competitive advantages, improve market access, and increase supply chain transparency. They also enhance investor trust and help companies develop sustainable strategies, policies, and practices.

In Indonesia, GRI Standards have boosted SMEs' competitive advantage and market access, attracting responsible investors. In Colombia, GRI's leadership in the Responsible Investment Taskforce Initiative has highlighted the role of sustainable investment in the country's sustainability journey.