Sustainable development today appears to have captured the public and political imagination all over the world. The definition, that has influenced sustainable development over of the past two decades originated from the Brundtland report, which defined the goal of sustainable development to ‘meet the needs of the present without compromising the ability of future generations to meet their own needs’ (Brundtland, 1987). It has the potential to address fundamental challenges for humanity, now and into the future (Hopwood et al., 2005)
Sustainability reporting is a key tool to help an organization in setting goals measuring progress and managing sustainability. Reporting on organization’s sustainability performance will give internal and external stakeholders a clear idea of its impact and can increases efficiency and improve performance. Sustainability reporting may be done through a variety of mechanisms, such as corporate websites, reporting integrated with annual financial reporting, or stand-alone sustainability reports. The Global Reporting Initiative (GRI) provides guidance that is applicable to all sectors. It is the world’s most widely used standard on sustainability as it enables business, governments and individuals to make better decision based on the disclosures on the organizational sustainable development initiatives and process. Established in 1997, the first version of GRI was published in 2000 and second generation was unveiled at the world summit on