GRI Update 2023/2024

GRI Update 2023/2024 internal benefits of gri standards - ANSWER - Set vision and strategy - Measure performance - Manage risks - Motivate employees external benefits of gri standards - ANSWER - Build reputation and trust - Attract capital - Engage with stakeholders - Comply with regulatory requirements Key features of gri standards - 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? - ANSWER global sustainability standards board (GSSB), an independent authority operating under the auspices of GRI what are the universal standards? - 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? - 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? - ANSWER - disclosures detailing org structure and reporting practices, activities and workers, governance, strategy, policies, practices, and stakeholder engagement (for reporting context) what is in gri 3 material topics? - ANSWER - explains and reports on steps by which an org determines and manages its material topics and how the sector standards are used in the process. Impacts are grouped into topics for cohesive reporting. What is in each sector standard? - ANSWER lists topics that are likely to be material for an organization given a specific sector based on the sector's most significant impacts. It also lists disclosures from the GRI Topic Standards for an organization to report