Sustainability reporting is an essential element of corporate social responsibility. It includes systematic analysis and disclosure of economic, social and environmental aspects of a corporation's activity. The GRI has developed the Sustainability Reporting Guidelines, used by major business companies throughout the world. The IFC, the GRI and the CEU are launching a collaborative project to pilot corporate sustainability reporting in Central and Eastern Europe (CEE). The goals of the project are:
* Raising awareness about and strengthening capacity for corporate sustainability reporting in CEE * Analysing the regional specifics of sustainability reporting and the feasibility of wide utilisation of the GRI Sustainability Reporting Guidelines in CEE * Creating a network of corporations and institutions in CEE concerned with corporate social responsibility and sustainability reporting * Supporting production of pilot sustainability reports conforming to the GRI Guidelines in selected CEE companies with the assistance provided by CEU and GRI.