GRI Exams 35 Questions and Answers |
Complete Guide with Verified Solutions |
Grade A+
• Explain the purpose of the GRI standards -✓✓The GRI standards enable an
organization to disclose publicly its most significant impacts on the economy,
environment and people including impacts on their human rights.
• Explain the structure of the GRI standards -✓✓Universal, Sector, Topic standards
• Identify 4 key concepts for reporting in accordance with the GRI standards -✓✓Impact,
Material topic, Stakeholder, Due diligence
• Identify 8 reporting principles for reporting in accordance with the GRI standards -
✓✓Accuracy, Balance, Clarity, Comparability, Completeness, Sustainability context,
Timeliness, Verifiability
• Describe the process for identifying impacts and determining material topics -✓✓
• Definition of sustainability reporting -✓✓Refers to the process of reporting, which starts
with an organization determining its material topics based on its most significant impacts
and results in the organization publicly reporting information about these impacts.
• Value of the reporting: Internal benefits -✓✓Set vision and strategy; measure
performance; manage risks; motivate employees
• Value of the reporting: External benefits -✓✓Build reputation and trust; attract capital;
engage with stakeholders; comply with regulatory requirements
• Main features of the GRI standards: -✓✓Modular system of interconnected standards
, Developed by an independent, transparent and multi-stakeholder process
Based on expectations for responsible business conduct set out in authoritative
intergovernmental instruments
Can be used by any organizations, regardless of sector, size or location
Includes a set of requirements and reporting principles
Require organizations to identify impacts and report on material topic
• What is GRI standards glossary? -✓✓to be used together with the GRI standards
in the text of the Standards, terms defined in the Glossary are underlined.
each standard has its own Glossary section
• Disclosures -✓✓The required information to report for each disclosure is always
presented with bold font.
Each disclosure has a title and a unique number: e.g., Disclosure 2-19.
All GRI standards, except for GRI 1: Foundation 2021 include disclosures.
• Two options for using the GRI standards (reporting formats?): -✓✓In accordance and
with reference
• The reporting process: -✓✓Understand system and key elements of the GRI standards
(GRI1)
Determine material topics (4 steps GRI3 and Sector standards)
Report information (GRI2,3,Sector, Topic)
Prepare GRI content index
Prepare statement of use
Publish information and GRI content index
Notify GRI
Complete Guide with Verified Solutions |
Grade A+
• Explain the purpose of the GRI standards -✓✓The GRI standards enable an
organization to disclose publicly its most significant impacts on the economy,
environment and people including impacts on their human rights.
• Explain the structure of the GRI standards -✓✓Universal, Sector, Topic standards
• Identify 4 key concepts for reporting in accordance with the GRI standards -✓✓Impact,
Material topic, Stakeholder, Due diligence
• Identify 8 reporting principles for reporting in accordance with the GRI standards -
✓✓Accuracy, Balance, Clarity, Comparability, Completeness, Sustainability context,
Timeliness, Verifiability
• Describe the process for identifying impacts and determining material topics -✓✓
• Definition of sustainability reporting -✓✓Refers to the process of reporting, which starts
with an organization determining its material topics based on its most significant impacts
and results in the organization publicly reporting information about these impacts.
• Value of the reporting: Internal benefits -✓✓Set vision and strategy; measure
performance; manage risks; motivate employees
• Value of the reporting: External benefits -✓✓Build reputation and trust; attract capital;
engage with stakeholders; comply with regulatory requirements
• Main features of the GRI standards: -✓✓Modular system of interconnected standards
, Developed by an independent, transparent and multi-stakeholder process
Based on expectations for responsible business conduct set out in authoritative
intergovernmental instruments
Can be used by any organizations, regardless of sector, size or location
Includes a set of requirements and reporting principles
Require organizations to identify impacts and report on material topic
• What is GRI standards glossary? -✓✓to be used together with the GRI standards
in the text of the Standards, terms defined in the Glossary are underlined.
each standard has its own Glossary section
• Disclosures -✓✓The required information to report for each disclosure is always
presented with bold font.
Each disclosure has a title and a unique number: e.g., Disclosure 2-19.
All GRI standards, except for GRI 1: Foundation 2021 include disclosures.
• Two options for using the GRI standards (reporting formats?): -✓✓In accordance and
with reference
• The reporting process: -✓✓Understand system and key elements of the GRI standards
(GRI1)
Determine material topics (4 steps GRI3 and Sector standards)
Report information (GRI2,3,Sector, Topic)
Prepare GRI content index
Prepare statement of use
Publish information and GRI content index
Notify GRI
