Reporting with GRI Standards Flashcards
What is disclosure?
Specific information that is to be reported, such as the name of the organization or data on greenhouse gas emissions.
Disclosure is essential for transparency and accountability in sustainability reporting.
What does requirement refer to?
Information that an organization must report or instructions with which it must comply; part of the disclosure.
Requirements ensure that organizations meet regulatory and ethical standards.
Define impact.
The effect an organization has or could have on the economy, environment, and people, including on their human rights.
Impacts can be both positive and negative, influencing stakeholder perceptions and actions.
What is a material topic?
A topic that represents one of an organization’s most significant impacts on the economy, environment, and people, including on their human rights.
Identifying material topics is crucial for effective sustainability reporting and stakeholder engagement.
What is the GRI content index?
A navigation tool that shows where the reported information can be found; it specifies which GRI Standard disclosures have been reported and where these can be found in the sustainability reporting.
The GRI content index enhances the usability of sustainability reports for stakeholders.
Internal benefits of sustainability reporting
Set vision and strategy
Measure performance
Manage risks
Motivate employees
External benefits of sustainability reporting
Build reputation and trust
Attract capital
Engage with stakeholders
Comply with regulatory requirements
Main features of GRI Standards
- Modular system of interconnected standards.
- Developed by an independent, transparent and multi-stakeholder process.
- Based on expectations for responsible business conduct.
- Can be used by any organization, regardless of sector, size or location
- Include a set of requirements and reporting principles.
- Require organizations to identify impacts and report on material topics.
What are the 4 key concepts?
Impact
Material topics
Due diligence
Stakeholders
What is impact?
The effect an organization has or could have on the economy, environment or people, including their human rights.
What are material topics?
Topics that represent an organization’s most significant impacts on the economy, environment and people, including their human rights.
What is due diligence?
The process by which an organization identifies, prevents, manages and accounts for how it addresses the actual and potential negative impacts on the economy, environment and people, including their human rights.
Who are stakeholders?
Individuals or groups who have interests that are or could be affected by an organization’s activities
What are the 8 reporting principles?
Accuracy
Balance
Clarity
Comparability
Completeness
Sustainability context
Timeliness
Verifiability
