Sustainability Quiz: GRI 2 General Disclosures 2021 questions and answers

GRI 2: General Disclosures 2021 ___ _: _______ ___________ ____ contains disclosures for organizations to provide information about their reporting practices; activities and workers; governance; strategy, policies, and practices; and stakeholder engagement. This information gives insight into the profile and scale of organizations and provides a context for understanding their impacts. specify, reason, 6 If the organization cannot comply with a disclosure or with a requirement in a disclosure for which reasons for omission are permitted (e.g., because the required information is confidential or subject to legal prohibitions), the organization is required to _______ the disclosure or the requirement it cannot comply with, and provide a ______ for omission together with an explanation in the GRI content index. See Requirement _ in GRI 1: Foundation 2021 for more information on reasons for omission. exist If the organization cannot report the required information about an item specified in a disclosure because the item (e.g., committee, policy, practice, process) does not _____, it can comply with the requirement by reporting this to be the case. The organization can explain the reasons for not having this item, or describe any plans to develop it. The disclosure does not require the organization to implement the item (e.g., developing a policy), but to report that the item does not _____. standalone If the organization intends to publish a __________ sustainability report, it does not need to repeat information that it has already reported publicly elsewhere, such as on web pages or in its annual report. In such a case, the organization can report a required disclosure by providing a reference in the GRI content index as to where this information can be found (e.g., by providing a link to the web page or citing the page in the annual report where the information has been published). Disclosure 2-1 Organizational Details legal name, nature, location, countries Disclosure 2-1 Requirements: The organization shall: 1. report its _____ ____ 2. report its ______ of ownership and legal form 3. report the ________ of its headquarters 4. report its _________ of operation Guidance to 2-1-a If the organization uses a commonly known trading name or business name that is different from its legal name, it should report this in addition to its legal name. Guidance to 2-1-b The nature of ownership and the legal form of the organization refers to whether it is publicly or privately owned, and whether it is an incorporated entity, a partnership, a sole proprietorship, or another type of entity such as a nonprofit, an association, or a charity. Guidance to 2-1-c Headquarters are an organization's global administrative center, the place from which it is controlled or directed. Guidance to 2-1-d If the organization has reported its countries of operation elsewhere, such as in its audited consolidated financial statements or financial information filed on public record, the organization can provide a link or reference to this information. The organization can also report the regions or specific locations within countries (e.g., states, cities) where it has operations, if this provides contextual information for understanding the organization's impacts. Disclosure 2-2 Entities included in the organization's sustainability reporting. all, differences, multiple, adjustments, material Disclosure 2-2 Requirements: The organization shall: 1. list ___ its entities included in its sustainability reporting; 2. if the organization has audited consolidated financial statements or financial information filed on public record, specify the ___________ between the list of entities included in its financial reporting and the list included in its sustainability reporting; c. if the organization consists of ________ entities, explain the approach used for consolidating the information, including: i. whether the approach involves ___________ to information for minority interests; how the approach takes into account mergers, acquisitions, and disposal of entities or parts of entities; ii. whether and how the approach differs across the disclosures in this Standard and across ________ topics. Guidance to 2-2-a The entities reported under 2-2-a form the basis for reporting the disclosures in this Standard and for determining the organization's material topics. Requirement 2-2-a includes those entities that the organization controls or has an interest in and are included in its sustainability reporting, such as subsidiaries, joint ventures, and affiliates, including minority interests. The organization should report information for the same group of entities as covered in its financial reporting. When determining its material topics, the organization should consider the impacts of additional entities with which it has business relationships that are not included in the list reported under 2-2-a. See section 1 in GRI 3: Material Topics 2021 for more information. Guidance to 2-2-a and 2-2-b If all the entities in the organization's financial reporting are also included in its sustainability reporting, a brief statement of this fact, including a link or reference to the list of entities included in its audited consolidated financial statements or financial information filed on public record, is sufficient to comply with 2-2-a and 2-2-b. The organization should separately specify any additional entities included in the sustainability reporting that are not included in its financial reporting. Guidance to 2-2-c A minority interest is an ownership interest in an entity that is not controlled by the parent entity. Disclosure 2-3 Reporting period, frequency and contact point period, financial, publication, contact point Disclosure 2-3 Requirements: The organization shall: a. specify the reporting ______ for, and the frequency of, its sustainability reporting; b. specify the reporting period for its _________ reporting and, if it does not align with the period for its sustainability reporting, explain the reason for this; c. report the ___________ date of the report or reported information; d. specify the _______ _____ for questions about the report or reported information. Guidance to 2-3-a The organization can specify the frequency of sustainability reporting as 'annual'. See the Timeliness principle in GRI 1: Foundation 2021 for more information.