GRI 1 – Foundations Exam Questions With
Correct Answers
Define |the |term |"materiality" |in |the |context |of |sustainability |reporting |and |why |it's |important.
|- |CORRECT |ANSWER✔✔-Materiality |refers |to |the |significance |of |an |environmental, |social, |or |
governance |issue |to |an |organization |and |its |stakeholders. |It |is |important |because |it |helps |
organizations |prioritize |and |focus |on |the |most |relevant |issues |when |reporting |on |sustainability,
|ensuring |that |reports |are |concise |and |informative.
What |are |the |9 |Requirements |of |GRI |1? |- |CORRECT |ANSWER✔✔-Requirement |1: |Apply |the |
reporting |principles
Requirement |2: |Report |the |disclosures |in |GRI |2: |General |Disclosures |2021
Requirement |3: |Determine |material |topics
Requirement |4: |Report |the |disclosures |in |GRI |3: |Material |Topics |2021
Requirement |5: |Report |disclosures |from |the |GRI |Topic |Standards |for |each |material |topic
Requirement |6: |Provide |reasons |for |omission |for |disclosures |and |requirements |that |the |
organization
cannot |comply |with
Requirement |7: |Publish |a |GRI |content |index
Requirement |8: |Provide |a |statement |of |use
Requirement |9: |Notify |GRI
Reasons |for |omission |are |permitted |for |all |disclosures |in |GRI |2 |except |for: |- |CORRECT |
ANSWER✔✔-• |Disclosure |2-1 |Organizational |details
• |Disclosure |2-2 |Entities |included |in |the |organization's |sustainability |reporting
• |Disclosure |2-3 |Reporting |period, |frequency |and |contact |point
• |Disclosure |2-4 |Restatements |of |information
, • |Disclosure |2-5 |External |assurance
The |organization |is |required |to |determine |its |material |topics |based |on |- |CORRECT |
ANSWER✔✔-its |specific |circumstances.
Reasons |for |omission |are |only |permitted |in |which |specific |GRI |3 |disclosure? |- |CORRECT |
ANSWER✔✔-Disclosure |3-3 |Management |of |material |topics.
The |organization |is |required |to |report |only |those |disclosures: |- |CORRECT |ANSWER✔✔-relevant
|to |its |impacts |in |relation |to |a |material |topic. |The
organization |is |not |required |to |report |disclosures |that |are |not |relevant.
There |is |/ |their |is |no |requirement |for |a |minimum |number |of |disclosures |to |report |from |the |
Topic |Standards. |- |CORRECT |ANSWER✔✔-There |is |no |requirement |for |a |minimum |number |of |
disclosures |to |report |from |the |Topic |Standards.
When |a |material |topic |is |covered |in |the |applicable |GRI |Sector |Standards, |the |organization |uses
|these |to |identify |disclosures |to |report. |- |CORRECT |ANSWER✔✔-Sector |Standards
Are |reasons |for |omission |permitted |for |all |disclosures |from |the |Topic |Standards? |- |CORRECT |
ANSWER✔✔-Yes
When |the |organization's |material |topic |is |not |covered |by |the |disclosures |in |the |GRI |Topic |
Standards, |the |organization |- |CORRECT |ANSWER✔✔-is |required |to |report |how |it |manages |the |
material |topic, |using |Disclosure |3-3 |in |GRI |3: |Material |Topics |2021.
What |are |the |4 |reasons |to |omitt? |- |CORRECT |ANSWER✔✔-Not |applicable
Legal |prohibitions
Confidentiality |constraints
Correct Answers
Define |the |term |"materiality" |in |the |context |of |sustainability |reporting |and |why |it's |important.
|- |CORRECT |ANSWER✔✔-Materiality |refers |to |the |significance |of |an |environmental, |social, |or |
governance |issue |to |an |organization |and |its |stakeholders. |It |is |important |because |it |helps |
organizations |prioritize |and |focus |on |the |most |relevant |issues |when |reporting |on |sustainability,
|ensuring |that |reports |are |concise |and |informative.
What |are |the |9 |Requirements |of |GRI |1? |- |CORRECT |ANSWER✔✔-Requirement |1: |Apply |the |
reporting |principles
Requirement |2: |Report |the |disclosures |in |GRI |2: |General |Disclosures |2021
Requirement |3: |Determine |material |topics
Requirement |4: |Report |the |disclosures |in |GRI |3: |Material |Topics |2021
Requirement |5: |Report |disclosures |from |the |GRI |Topic |Standards |for |each |material |topic
Requirement |6: |Provide |reasons |for |omission |for |disclosures |and |requirements |that |the |
organization
cannot |comply |with
Requirement |7: |Publish |a |GRI |content |index
Requirement |8: |Provide |a |statement |of |use
Requirement |9: |Notify |GRI
Reasons |for |omission |are |permitted |for |all |disclosures |in |GRI |2 |except |for: |- |CORRECT |
ANSWER✔✔-• |Disclosure |2-1 |Organizational |details
• |Disclosure |2-2 |Entities |included |in |the |organization's |sustainability |reporting
• |Disclosure |2-3 |Reporting |period, |frequency |and |contact |point
• |Disclosure |2-4 |Restatements |of |information
, • |Disclosure |2-5 |External |assurance
The |organization |is |required |to |determine |its |material |topics |based |on |- |CORRECT |
ANSWER✔✔-its |specific |circumstances.
Reasons |for |omission |are |only |permitted |in |which |specific |GRI |3 |disclosure? |- |CORRECT |
ANSWER✔✔-Disclosure |3-3 |Management |of |material |topics.
The |organization |is |required |to |report |only |those |disclosures: |- |CORRECT |ANSWER✔✔-relevant
|to |its |impacts |in |relation |to |a |material |topic. |The
organization |is |not |required |to |report |disclosures |that |are |not |relevant.
There |is |/ |their |is |no |requirement |for |a |minimum |number |of |disclosures |to |report |from |the |
Topic |Standards. |- |CORRECT |ANSWER✔✔-There |is |no |requirement |for |a |minimum |number |of |
disclosures |to |report |from |the |Topic |Standards.
When |a |material |topic |is |covered |in |the |applicable |GRI |Sector |Standards, |the |organization |uses
|these |to |identify |disclosures |to |report. |- |CORRECT |ANSWER✔✔-Sector |Standards
Are |reasons |for |omission |permitted |for |all |disclosures |from |the |Topic |Standards? |- |CORRECT |
ANSWER✔✔-Yes
When |the |organization's |material |topic |is |not |covered |by |the |disclosures |in |the |GRI |Topic |
Standards, |the |organization |- |CORRECT |ANSWER✔✔-is |required |to |report |how |it |manages |the |
material |topic, |using |Disclosure |3-3 |in |GRI |3: |Material |Topics |2021.
What |are |the |4 |reasons |to |omitt? |- |CORRECT |ANSWER✔✔-Not |applicable
Legal |prohibitions
Confidentiality |constraints
