GRI 2024 – QUESTIONS WITH DETAILED SOLUTIONS
Who is a stakeholder? Correct Ans - Entities or individuals who can
be reasonably expected to be significantly affected by the RO's activities
products or services; or whose actions can reasonably be expected to affect
the RO's ability to implement its strategies and achieve its objectives.
Reporting principles that define report's content? Correct Ans -
Stakeholder inclusiveness; sustainability context; materiality;
completeness
Reporting Principles that define report's context? Correct Ans -
Accuracy; balance; comparability; timeliness; clarity; reliability
What is Stakeholder Inclusiveness? Correct Ans - The RO shall
identify stakeholders and explain how it had responded to their reasonable
expectations and concerns
What is Sustainability Context? Correct Ans - The report shall
present the RO's performance in the wider context of sustainability.
What is Materiality? Correct Ans - Material topics are topics that 1)
reflect RO's significant economic, environmental, or social impacts OR 2)
substantively influence the assessments and decisions of stakeholders
In GRI standards, unless stated otherwise, what does "impact" refer to?
Correct Ans - The effect an organisation has on the economy, the
environment, and/or the society, which can indicate its contribution
(positive or negative) to sustainable development.
Note 1: impact can be long-term or short-term, direct or indirect, positive
or negative, actual or potential, intended or unintended.
Note 2: can also be related to consequences for the organisation itself - eg
reputation or ability to achieve its objective
, What is management approach disclosure? Correct Ans -
Management approach disclosure is the narrative description about how an
organisation manages its material topics and their related impacts.
Note: Disclosure about an organisation's management approach also
provides context for the information reported using topic-specific
Standards (series 200, 300 and 400)
In GRI, what is the reporting Period? Correct Ans - The Reporting
Period is the specific time span covered by the information reported.
Note: Unless otherwise stated, the GRI standards require information from
the RO's chosen period.
What is sustainability/ sustainable development? Correct Ans -
Development that meets the needs of the present without compromising
the ability of future generations to meet their own needs.
Note 1: Encompasses 3 dimensions - econ, env, soc
Note 2: refers to broader environmental and societal interests, rather than
the interests of specific organisations.
What is the reporting principle? Correct Ans - The concept that
describes the outcomes the report is expected to achieve and that guides
decisions made throughout the reporting process around report content or
quality.
What is a stakeholder? Correct Ans - A Stakeholder is an entity or
individual that can reasonably 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 successfully implement its strategies and achieve its objectives.
Examples: employees and shareholders, other workers who are not
employees, suppliers, vulnerable groups, local communities, NGO's or other
civil society.
Who is a stakeholder? Correct Ans - Entities or individuals who can
be reasonably expected to be significantly affected by the RO's activities
products or services; or whose actions can reasonably be expected to affect
the RO's ability to implement its strategies and achieve its objectives.
Reporting principles that define report's content? Correct Ans -
Stakeholder inclusiveness; sustainability context; materiality;
completeness
Reporting Principles that define report's context? Correct Ans -
Accuracy; balance; comparability; timeliness; clarity; reliability
What is Stakeholder Inclusiveness? Correct Ans - The RO shall
identify stakeholders and explain how it had responded to their reasonable
expectations and concerns
What is Sustainability Context? Correct Ans - The report shall
present the RO's performance in the wider context of sustainability.
What is Materiality? Correct Ans - Material topics are topics that 1)
reflect RO's significant economic, environmental, or social impacts OR 2)
substantively influence the assessments and decisions of stakeholders
In GRI standards, unless stated otherwise, what does "impact" refer to?
Correct Ans - The effect an organisation has on the economy, the
environment, and/or the society, which can indicate its contribution
(positive or negative) to sustainable development.
Note 1: impact can be long-term or short-term, direct or indirect, positive
or negative, actual or potential, intended or unintended.
Note 2: can also be related to consequences for the organisation itself - eg
reputation or ability to achieve its objective
, What is management approach disclosure? Correct Ans -
Management approach disclosure is the narrative description about how an
organisation manages its material topics and their related impacts.
Note: Disclosure about an organisation's management approach also
provides context for the information reported using topic-specific
Standards (series 200, 300 and 400)
In GRI, what is the reporting Period? Correct Ans - The Reporting
Period is the specific time span covered by the information reported.
Note: Unless otherwise stated, the GRI standards require information from
the RO's chosen period.
What is sustainability/ sustainable development? Correct Ans -
Development that meets the needs of the present without compromising
the ability of future generations to meet their own needs.
Note 1: Encompasses 3 dimensions - econ, env, soc
Note 2: refers to broader environmental and societal interests, rather than
the interests of specific organisations.
What is the reporting principle? Correct Ans - The concept that
describes the outcomes the report is expected to achieve and that guides
decisions made throughout the reporting process around report content or
quality.
What is a stakeholder? Correct Ans - A Stakeholder is an entity or
individual that can reasonably 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 successfully implement its strategies and achieve its objectives.
Examples: employees and shareholders, other workers who are not
employees, suppliers, vulnerable groups, local communities, NGO's or other
civil society.
