The global reporting initiative (GRI)
Overall aim - correct answer-GRIU suggests that entities report performance indicators so
that users can monitor their performance from economic, environmental and social
perspectives
This helps stakeholders better understand the sustainability of the organisation and its
impact on global sustainability issues
GRI Standards - correct answer-- The most accepted framework for reporting sustainability
- Provides universal guidance for reporting on sustainability performance (for SME and
NFPs)
-Universal and topic specific standards - universal help define report content, quality of the
report, business context and give guidance on how to set the report boundaries and layout.
Topic specific standards provide details of specific disclosures within economic,
environmental and social
- applying these standards is mandatory in some jurisdictions but voluntary in many others
3 universal standards - correct answer-All orgs must follow
1- GRI 101 - Foundation - this lays out the reporting principals and how to prepare and
layout the sustainability report
2- GRI 102 - General disclosures - reports contextual info about an org and its sustainability
reporting practices. Includes info on topics such as strategy, ethical policies, governance and
stakeholders.
3- GRI 103 - management approach - Reports info about how an org manages material
topics. The org provides a narrative explanation on why the topic is material, where the
impact occurs and how the org manages the impacts
Topic specific standards - correct answer-GRI 200, 300 and 400 series
these include numerous topic specific standards relates to economic, environmental and or
social topics
1 - Reporting Principles - report content- Stakeholder inclusiveness - correct answer-The
reporting entity should identify its stakeholders and explain in the report how it has
responded to their expectations
2- Reporting principles - report content -Sustainability context - correct answer-The report
should present the entity's performance in the wider context of sustainability
Often includes environmental issues but could also include info on social or economic topics
such as wage or poverty levels of employees
Overall aim - correct answer-GRIU suggests that entities report performance indicators so
that users can monitor their performance from economic, environmental and social
perspectives
This helps stakeholders better understand the sustainability of the organisation and its
impact on global sustainability issues
GRI Standards - correct answer-- The most accepted framework for reporting sustainability
- Provides universal guidance for reporting on sustainability performance (for SME and
NFPs)
-Universal and topic specific standards - universal help define report content, quality of the
report, business context and give guidance on how to set the report boundaries and layout.
Topic specific standards provide details of specific disclosures within economic,
environmental and social
- applying these standards is mandatory in some jurisdictions but voluntary in many others
3 universal standards - correct answer-All orgs must follow
1- GRI 101 - Foundation - this lays out the reporting principals and how to prepare and
layout the sustainability report
2- GRI 102 - General disclosures - reports contextual info about an org and its sustainability
reporting practices. Includes info on topics such as strategy, ethical policies, governance and
stakeholders.
3- GRI 103 - management approach - Reports info about how an org manages material
topics. The org provides a narrative explanation on why the topic is material, where the
impact occurs and how the org manages the impacts
Topic specific standards - correct answer-GRI 200, 300 and 400 series
these include numerous topic specific standards relates to economic, environmental and or
social topics
1 - Reporting Principles - report content- Stakeholder inclusiveness - correct answer-The
reporting entity should identify its stakeholders and explain in the report how it has
responded to their expectations
2- Reporting principles - report content -Sustainability context - correct answer-The report
should present the entity's performance in the wider context of sustainability
Often includes environmental issues but could also include info on social or economic topics
such as wage or poverty levels of employees
