AND CORRECT ANSWERS
Question:
1. Sector Standards
Answer:
Designed to help identify a sector's most significant impacts and reflect stakeholder expectations for
sustainability reporting. They describe the sustainability context for a sector, outline organizations' likely
material topics based on the sector's most significant impacts, and list disclosures that are relevant for the
sector to report on.
Question:
2. What are the 2021 Sector Standards?
Answer:
The Sector Standards for Oil and Gas (GRI 11), Coal (GRI
12), as well as Agriculture, Aquaculture and Fishing (GRI
13), have now been released and are available for public use.
Question:
3. Topic Standards
Answer:
Each Topic Standard is dedicated to a particular topic and contains disclosures relevant to that topic.
Examples include Topic Standards on waste, occupational health and safety, and tax. Each Topic Standard
contains an overview of the topic and disclosures for an organization to report about its impacts in relation
to the topic, as well as how it manages them. An organization uses the Topic Standards that correspond to
the topics it has determined to be material for reporting.
Question:
4. How many standards are there in the Universal Standards?
Answer:
3
Question:
5. What are the five sections of GRI 1: Foundation?
Answer:
1. Purpose and system of GRI Standards
2. Key Concepts
3. Reporting in accordance with the GRI Standards
4. Reporting principles
5. Additional recommendations for reporting
Question:
6. What are the four key concepts at the heart of reporting with the GRI Standards?
, Answer:
1. Impact
2. Material Topic
3. Due Diligence
4. Stakeholder
Question:
7. Define Impact
Answer:
The effect an organization has or could have on the economy, environment, and people, including on their
human rights, as a result of the organization's activities or business relationships.
Question:
8. What are the types of impact?
Answer:
positive or negative actual or potential intended or unintended reversible or irreversible short-term or
long-term
Question:
9. Define Material Topic
Answer:
Topics that represent the organization's most significant impacts on the economy, environment and people,
including impacts on human rights.
Question:
10. Define Due Dilligence
Answer:
The 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:
11. Define Stakeholder
Answer:
Stakeholders are individuals or groups that have interests that are or could be affected by an organization's
activities.
Examples: Business partners Civil society orgs consumers/customers employees NGOs Governments
Investors Suppliers/trade unions Local communities
Question:
12. What are the nine requirements to report in accordance with the GRI standards?