key concepts in GRI Standards: due diligence and stakeholders

Question 1

In the GRI Standards, due diligence refers to the

Answer 1

process through which an organization identifies, prevents,
mitigates, and accounts for how it addresses its actual and potential negative impacts on the economy, environment,
and people, including impacts on their human rights.

Question 2

The organization should address potential negative impacts

through

Answer 2

prevention or mitigation

Question 3

the organization should address actual negative impacts through

Answer 3

remediation in cases where the

organization identifies it has caused or contributed to those impacts.

Question 4

The way the organization is involved with negative impacts determines how the organization should
address

Answer 4

the impacts

and has a responsibility to provide for or cooperate in the remediation of the impacts.

Question 5

An example of the way the organization is involved with negative impacts are

Answer 5

whether it causes or contributes to the impacts
or
whether the impacts are directly linked by its business relationships

Question 6

the organization should avoid causing or contributing to negative impacts through its

Answer 6

own activities

Question 7

the organization should avoid causing or contributing to negative impacts through

Answer 7

addressing such impacts when they

occur by providing for or cooperating in their remediation through legitimate processes;

Question 8

The organization is not responsible for providing for or cooperating in the remediation of these impacts, but it can

Answer 8

play a role in doing so

Question 9

If it is not feasible to address all identified impacts on the economy, environment, and people at once, the organization
should

Answer 9

prioritize the order in which to address potential negative impacts based on their severity and likelihood.

Question 10

In the case of potential negative human rights impacts, the severity of the impact

Answer 10

takes precedence over its likelihood

Question 11

Due diligence is elaborated by the

Answer 11

United Nations (UN) Guiding Principles on Business and Human Rights,

the Organization for Economic Co-operation and Development (OECD) Guidelines for Multinational Enterprises

and the OECD Due Diligence Guidance for Responsible Business Conduct

Question 12

are individuals or groups that have interests that are affected or could be affected by an organization’s
activities.

Answer 12

stakeholders

Question 13

Common categories of stakeholders for organizations are

Answer 13

business partners
civil society organizations,
consumers
customers
employees and other workers
governments
local communities
non-governmental organizations
shareholders and other investors
suppliers
trade unions
vulnerable groups.

Question 14

In the GRI Standards, an interest (or ‘stake’) is something of value to an ____ or ____, which can be affected by the activities of ___

Answer 14

individual or group

an organization

Question 15

Stakeholders can have more than one ____

Answer 15

interest

Question 16

Not all interests are of _______ and they do not all need to be treated ____.

Answer 16

equal importance; equally

Question 17

__________ have a particular status as an entitlement of all people under international law.

Answer 17

human rights

Question 18

The most acute impacts the organization can have on people are those that

Answer 18

negatively affect their human rights.

Question 19

The term ‘\_\_\_\_\_’ refers to stakeholders whose individual human rights or
collective rights (held by groups such as indigenous peoples) are or could be affected

Answer 19

rightsholders

Question 20

Stakeholder interests can be ____ or ____ affected by the organizations activities

Answer 20

negatively or positively

Question 21

_____ focuses on

identifying stakeholder interests that are or could be negatively affected by the organization’s activities.

Answer 21

Due diligence

Question 22

_______may not always have a direct relationship with the organization

Answer 22

Stakeholders

Question 23

The ______ should identify the interests of these and other stakeholders who are unable to articulate their views (e.g., future generations)

Answer 23

organization

Question 24

_____with stakeholders helps the organization ___ and _______ its negative and positive impacts.

Answer 24

Engaging ; identify and manage

Question 25

Not all stakeholders will be affected by

Answer 25

all activities of the organization.

Question 26

The organization should identify the stakeholders whose interests have

Answer 26

to be taken into account in connection with a specific activity (i.e., ‘relevant stakeholders’)

Question 27

Where it is impossible to engage with all relevant stakeholders directly, the organization can engage with

Answer 27

credible stakeholder representatives or proxy organizations (e.g., non-governmental organizations, trade unions).

Question 28

In addition to engaging with stakeholders, the organization can consult with

Answer 28

experts in specific issues or contexts | (e.g., academics, non-governmental organizations) for advice on identifying and managing its impacts.

Question 29

stakeholders whose interests have been affected are

Answer 29

affected stakeholders

Question 30

stakeholders whose interests have not yet been affected but could potentially be affected

Answer 30

potentially affected stakeholders

Question 30

stakeholders whose interests have not yet been affected but could potentially be affected

Answer 30

potentially affected stakeholders

Question 31

the distinction between affected stakeholders and potentially affected stakeholders is important in

Answer 31

due diligence

Question 32

The distinction between affected and potentially affected stakeholders helps identify which workers should receive

Answer 32

remedy