GRI, 2024 Updated Final Exam Questions and Answers

GRI, 2024 Updated Final Exam Questions and Answers internal benefits of gri standards - CORRECT ANSWER-- Set vision and strategy - Measure performance - Manage risks - Motivate employees external benefits of gri standards - CORRECT ANSWER-- Build reputation and trust - Attract capital - Engage with stakeholders - Comply with regulatory requirements Key features of gri standards - CORRECT ANSWER-- designed to be used by any org. - comprehensive range of topics - flexible framework for reporting - aligned with best practice in managing and reporting on impacts - regularly updated - free public good available in several languages Who issues the gri standards? - CORRECT ANSWER-global sustainability standards board (GSSB), an independent authority operating under the auspices of GRI what are the universal standards? - CORRECT ANSWER-they apply to all organizations: - GRI 1: Foundation 2021 - GRI 2: General Disclosures 2021 -GRI 3: Material Topics 2021 what is in gri 1 foundation? - CORRECT ANSWER-- purpose of the standards - clarifies critical concepts that provide a common language for reporting with the Standards - explains how to use/ reference the standards - lists requirements that orgs must comply with to report in accordance with the standards - specifies the principles (accuracy, balance, and verifiability) that are fundamental to high quality reporting. - provides additional reporting recommendations. - two appendices and a glossary what is in gri 2 general disclosures? - CORRECT ANSWER-- disclosures detailing org structure and reporting practices, activities and workers, governance, strategy, policies, practices, and stakeholder engagement (for reporting context