StepChange has achieved a dual accreditation from the Global Reporting Initiative (GRI) and the IFRS Foundation, becoming the first company in India to receive both certifications. This recognition acknowledges StepChange’s leadership in providing top-tier sustainability reporting solutions.
Ankit Jain, Co-Founder and CEO of StepChange celebrated the milestone, stating, “Earning the GRI and IFRS certifications is a testament to our team’s hard work and dedication to delivering best-in-class ESG solutions. These certifications validate our platform’s capabilities and position us as a trusted partner for organisations navigating the complex landscape of sustainability reporting.”
The GRI and IFRS accreditations confirm that StepChange adheres to the highest international standards for sustainability reporting. This achievement demonstrates the company’s commitment to offering robust, transparent, and credible sustainability reporting services. By aligning with these global frameworks, StepChange enables organisations to effectively measure, manage, and communicate their sustainability performance, enhancing stakeholder trust and confidence.
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Dr Sidhant Pai, Co-Founder and Chief Science Officer, remarked, “Sustainability software can drive significant societal impact. We are committed to ensuring that our tools align with global best practices while remaining accessible to decision-makers across India. Adopting the GRI and IFRS frameworks helps establish credibility and transparency in sustainability reporting.”
The rigorous assessment processes for GRI and IFRS certifications significantly bolster StepChange’s credibility as a solution provider. This positions the company as a reliable partner for enterprises aiming to navigate the evolving ESG and climate regulations landscape and achieve net-zero goals. Adhering to these internationally recognised standards, StepChange demonstrates its commitment to best practices in sustainability reporting and building trust with stakeholders, including investors and regulatory bodies.
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Dr Aditi Haldar, Director of GRI South Asia Network, highlighted the significance of the certification, saying, “Through the GRI Licensing Software and Tool Programme, GRI ensures that software and tools accurately incorporate the GRI Standards. We are pleased that StepChange has successfully passed our licensing process and is now part of our programme.”
StepChange’s platform mitigates the risk of greenwashing by ensuring accurate, reliable, and comparable data for sustainability reporting. This empowers clients to make informed decisions based on precise reports and insights, driving meaningful and impactful sustainability-aligned change.
As governments and regulators increasingly emphasise sustainability—such as SEBI’s mandate for Business Responsibility and Sustainability Reporting and the Reserve Bank of India’s proposed climate-related financial disclosure guidelines—StepChange’s platform aids organisations in complying with evolving regulations.
Caterina Rossi, Sustainability Standards Integration Manager at the IFRS Foundation, noted, “The adoption of the IFRS Sustainability Disclosure Standards within India’s evolving sustainability ecosystem can provide significant benefits. The Standards help companies offer investors transparent, comparable, and decision-useful information about their sustainability risks and opportunities.”
The founders of StepChange view sustainability as a strategic imperative rather than just a reporting exercise. By achieving GRI and IFRS accreditations, they empower clients to communicate their sustainability efforts effectively and use them as a springboard for continuous improvement, fostering a more sustainable future for businesses and the planet.
