StepChange, an Indian sustainability reporting software company, has become the first in the country to receive accreditation from both the Global Reporting Initiative (GRI) and the IFRS Foundation. These certifications affirm the company’s adherence to international standards in sustainability reporting.
The software developed by StepChange equips businesses to effectively measure, report, and enhance their sustainability efforts, particularly focusing on climate-related metrics. The accreditation involved rigorous assessments, validating the platform’s capacity for precise and transparent data handling. This critical functionality aims to combat greenwashing by ensuring the accuracy and reliability of data, thus facilitating informed decision-making.
Ankit Jain, Co-Founder & CEO, StepChange said, “Earning the GRI and IFRS certifications is a testament to our team’s hard work and dedication to providing best-in-class ESG solutions. These certifications not only validate our platform’s capabilities but also position us as a trusted partner for organisations looking to navigate the complex landscape of sustainability reporting.”
Dr Sidhant Pai, Co-Founder & Chief Science Officer, StepChange Said, “Sustainability software can enable far-reaching societal impact, and we are dedicated to ensuring that the tools and solutions we develop are consistent with global best practices while remaining accessible to the relevant decision-makers across India. Adopting the GRI and IFRS frameworks is a step in this direction as it helps establish a baseline of credibility and transparency in sustainability reporting.”
Dr. Aditi Haldar, Director of GRI South Asia, confirmed that StepChange had successfully passed the GRI Licensing Software and Tool Program, which ensures that the software accurately incorporates GRI Standards. Additionally, Caterina Rossi, Sustainability Standards Integration Manager at the IFRS Foundation, mentioned that adopting the IFRS Sustainability Disclosure Standards could provide significant benefits by offering transparent and decision-useful sustainability information to investors.
The timing of these accreditations aligns with increased focus on sustainability reporting from Indian regulators such as the Securities and Exchange Board of India (SEBI) and the Reserve Bank of India (RBI). StepChange views these certifications not merely as compliance tools but as strategic assets capable of driving continuous improvement and sustainable business growth.