Adoption of GRI 207: Tax 2019 Among Public Companies

This report is a technical analysis focusing on the adoption of the GRI 207: Tax 2019 Standard among a selection of 71 of the largest public companies globally. It provides a detailed examination of how these organizations are implementing the GRI Tax Standard, including insights into reporting practices and trends. The document outlines key findings regarding the materiality of tax as a reporting topic, with 30% of the companies identifying it as significant. It highlights the completeness of reporting on various GRI disclosures, noting that GRI 207-1 is reported most comprehensively, while GRI 207-4 is the least complete. The report includes recommendations for improving tax-related reporting and emphasizes the importance of transparency and responsible business conduct in tax matters. Additionally, it features guest articles from various authors and organizations, contributing to a broader understanding of tax reporting in the context of sustainability. The methodology for the research is also documented, providing clarity on the evaluation process used.