GRI standards questions and answers already passed

GRI standards questions and answers already passed Materiality In sustainability reporting, ___ is is the principle that determines which topics are sufficiently important that is is essential to report on them Impact ___ refers to the effect an org has on the economy, the environment and / or society, which in turn can indicate its contribution (positive or negative) to sustainable development Material Topics ___ have: significant economic, economic or social impacts; or substantively influence the assessments and decisions of stakeholders Identifying Material Topics The reporting organisation shall ___ using the Reporting Principles for defining report content. The reporting org should consult the GRI Sector Disclosures that relate to its sector, if available, to assist with its material topics Topic Boundary description of where the impacts occur for a material topic, and the organisation's involvement with those impacts Accuracy Balance Clarity Comparability Reliability Timeliness The 6 reporting principles for defining report quality. Stakeholders entities or individuals that can be expected to be significantly affected by the reporting organisation's activities, products and services or whose actions can reasonably be expected to affect the ability of the organisation to implement its strategies and achieve its objectives. Stakeholder engagement A fundamental activity in order to produce a report in line with the GRI standards(material topics) Can provide different perspectives on an organisation's strong and weak points it may help identify problems before they occur can have a positive influence on the organisation's reputation, as it shows that the organisation cares about the opinions of ___ provides opportunity for ongoing learning Stakeholder Expectations transparency trust consistency ambition accountability Sustainability context Information on performance is expected to be placed in context. The underlying question of sustainability reporting is how an organization contributes, or aims to contribute in the future, to the improvement or deterioration of economic, environmental, and social conditions at the local, regional, or global level. Completeness Primarily encompasses the following dimensions: the list of material topics covered in the report, topic Boundaries, and time. The concept of ____ can also refer to practices in information collection (for example, ensuring that compiled data includes results fromall entities where the impacts occur) and whether the presentation of information is reasonable and appropriate. These issues are also related to report quality, and are addressed in greater detail under the principles of Accuracy and Balance. Stakeholder inclusiveness Sustainability context Materiality Completeness The 4 reporting principles for defining report content Accuracy The reported information shall be sufficiently accurate and detailed for stakeholders to assess the reporting organisation's performance (sec 1.5 GRI 101) balance the reported information shall reflect positive and negative aspects of the reporting organisation's performace to enable a reasoned assessment of overall performance (sec 1.6 GRI 1019) Clarity the reporting organisation shall make information available in a manner that is understandable and accessible to stakeholders using that information (sec 1.7 in GRI 107) Comparability The reporting organisation shall select, compile and report information consistently. The reported information shall be presented in a manner that enables stakeholders to analyse changes in the organisaitons performance over time, and that could support analysis relative to other organisations. Reliability The reporting organisation shall gather, record, compile, andalyse and report information and processes used int the preparation of the report in a way that they can be subject to examination, and that estabnlishes the quality and materiality of the information (section 1.9) Timeliness The reporting organisation shall report on a regular schedule so that information is available in time for stakeholders to make informed decisions (1.10) GRI Standard: Core This option indicates that a report contains the minimum information needed to understand the nature of the organization, its material topics and related impacts, and how these are managed. GRI Standard: Comprehensive This builds on the Core option by requiring additional disclosures on the organization's strategy, ethics and integrity, and governance. In addition, the organization is required to report more extensively on its impacts by reporting all the topic-specific disclosures for each material topic covered by the GRI Standards. management approach disclosure narrative description about how an organization manages its material topics and their related impacts Note: Disclosures about an organization’s management approach also provide context for the information reported using topic-specific Standards (series 200, 300, and 400). reporting period specific time span covered by the information reported Note: Unless otherwise stated, the GRI Standards require information from the organization’s chosen reporting period. Reporting Principle concept that describes the outcomes a report is expected to achieve, and that guides decisions made throughout the reporting process around report content or quality sustainable development Development that meets the needs of the present without compromising the ability of future generations to meet their own needs. topic economic, environmental or social subject GRI 102: General disclosures sets out reporting requirements on contextual information about an organization and its sustainability reporting practices. GRI 103: Management Approach sets out reporting requirements about the approach an organization uses to manage a material topic. 1997 The year GRI was founded Purpose of GRI to help organizations to understand and communicate their impacts outward on the economy, the environment, and society. Vision and strategy Management systems Strengths and weaknesses Employee motivating internal benefits of sustainability reporting Reputation and trust Attracting capital Stakeholder engagement Competitive advantage external benefits of sustainability reporting GRI 300 Environmental GRI 400 Social GRI 200 Economic Key stakeholder identification factors responsibility influence proximity dependency representation SDGs business strategy integration key to accelerating sustainable development where the companies operate and creating long term value for all stakeholder Sustainability reporting a key driver of action for sustainable development SDG 12.6 Requires member states to encourage companies, especially large corps, to adopt sustainable practices and to integrate sustainability information into their reporting cycle. Based on this specific target, GRI has developed relevant activitites and initiatives within its objective to enable smart policy.