«Problems of economics and management of oil and gas complex»

Gri Standards 2021: overview of the content and main changes in non-financial reporting in the field of sustainable development (part 1)

UDC: 006.032:657(045)
DOI: 10.33285/1999-6942-2022-3(207)-28-33

Authors:

¹ National University of Oil and Gas "Gubkin University", Moscow, Russian Federation

Keywords: GRI Standards 2021, GRI 1: Foundation 2021, GRI 2: General Disclosures 2021, GRI 11: Oil and Gas Sector 2021, Universal standards of non-financial reporting, sustainable development

Annotation:

The paper provides a detailed review of two updated GRI Standards 2021 – GRI 1: Foundation 2021, GRI 2: General Disclosures 2021 and the first industry standard – GRI 11: Oil and Gas Sector 2021, which come into force on January 1, 2023. Changes in the wording and indicators of non-financial statements are analyzed, as well as new indicators for assessing the activities of organizations in the field of sustainable development and achieving the Sustainable Development Goals (SDG). A systematic analysis of the content and new requirements of the updated standards, in the author's opinion, will contribute to improving the efficiency of writing a non-financial report by Russian oil and gas companies.

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