GRI Exam questions and answers

GRI Standards are required for all reports or other materials published that apply the GRI framework on or after..... July 1, 2018 Updates to GRI nomenclature because of the update to Standards: 1)'indicator' is now...; 'aspect' is now... Disclosure...topic One of the most significant updates in GRI Standards is... clarification on the term "impact" - A report should focus on the impacts that the organization has on the economy, environment and society, instead of the impacts on the organization itself. What are the three universal standards? GRI 101: Foundations GRI 102: General Disclosures GRI 103: Management Approach There are currently a total of .... topic specific standards in the three blocks of standards (200, 300, and 400) 38 In the GRI Standards, topic Boundary disclosures have been moved to the .... section of the report. Disclosure 103-1: Management Approach Explanation of its Material Topic and its Boundary What is the vision of the GRI organization? A future where sustainability is integral to every organization's decision-making process What percentage of all organizations that issue a corporate responsibility report reference GRI by name? 63% of N100* reports and 75% of G250 reports apply the GRI framework. About 60% How many governments or organizations worldwide reference GRI by name in their policies? At least 38 - (50 governments reference GRI in their policies) How many sustainability reports are now in the GRI database? More than 37,000 (The GRI Sustainability Disclosure Database has grown to house more than 40,000 reports from more than 10,000 organizations in 110 countries.) Organization from at least how many countries are using GRI reporting? 90 - (110) The GRI Standards are issued by the ....; also known by the acronym..... Global Sustainability Standards Board; GSSB GRI Standards are developed through a ... stakeholder process. Multi- GRI has formed expert ... groups to develop draft content on specific topics. Working What are the 6 GRI expert working groups? Academia, Business, Capital Markets, Civil Society, Governments, and Labor Define 'disclosure' Refers to specific information that is to be reported. (For example, the name of your organization, or data on GHG emissions).Refers to specific information that is to be reported. (For example, the name of your organization, or data on GHG emissions). Define 'topic' An economic, environmental or social subject Note 1: In the GRI Standards, topics are grouped according to the three dimensions of sustainable development: economic, environmental and social. Note 2: To prepare a report in accordance with the GRI Standards, an organization is required to report on its material topics. Define 'material topic.' topic that reflects a reporting organization's significant economic, environmental and social impacts; or that substantively influences the assessments and decisions of stakeholders Note 1: For more information on identifying a material topic, see the Reporting Principles for defining report content in GRI 101: Foundation. Note 2: To prepare a report in accordance with the GRI Standards, an organization is required to report on its material topics. Note 3: Material topics can include, but are not limited to, the topics covered by the GRI Standards in the 200, 300, and 400 series. Define '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). Define 'GRI content index' Navigation tool that specifies which GRI Standards have been used, which disclosures have been reported on, and where these disclosures can be found in the report or other location. What are the 4 main features of the GRI standards? 1. Modular structure; Standards can be used individually or in combinations. 2. content is organized into requirements (shall), recommendations (should), and guidance 3. include a set of reporting principles 4. requires organizations to identify and report on material topics Within the text of the Standards themselves, terms that are defined in the glossary are indicated by.... being underlined What are the 2 basic approaches for using the GRI Standards? 1. Selected GRI Standards can be used, which might constitute a 'GRI-referenced' report; 2. GRI Standards can be used as a set to prepare a sustainability report in accordance with the GRI Standards (Core or Comprehensive option) There are 6 elements to a report that has been prepared in accordance with the GRI Standards: Core or Comprehensive Option. What are they? 1. covers all of the organization's material topics 2. applies the 10 GRI Reporting Principles 3. has a GRI content index 4. complies with all requirements for disclosures; 5. includes a specific claim about how the GRI Standards have been applied 6. meets the necessary criteria to be either Core or Comprehensive What are 3 key things to remember about disclosures within the GRI? 1. they always appear in a box 2. each disclosure has a title and unique number that corresponds to the number of the standard 3. all Standards except 'Foundation' include disclosures The GRI Standards include requirements denoted by ... and .... the word 'shall'; bold font The GRI Standards include recommendations which are denoted by.... The word 'should'; Note: Items deemed 'should are encouraged but not mandatory In addition to requirements and recommendations the GRI Standards include.... Guidance Note: Guidance is not mandatory, but it helps reporters understand and apply requirements. True or False? Disclosures can have requirements, recommendations, and/or guidance. True Disclosures may have guidance, but they might not have guidance The 'starting point' for using the GRI Standards is ... GRI 101: Foundation True or False? It is a requirement to apply ALL Reporting Principles to claim that a report is in accordance with GRI Standards. True What are the 4 content principles? 1. Stakeholder inclusiveness 2. Sustainability Context 3. Materiality 4. Completeness What are the 6 quality principles? 1. Accuracy 2. Balance 3. Clarity 4. Compara