Chapter 2 - Reporting Flashcards
1
Q
Principles for GRI report content
A
- Stakeholder inclusiveness - identify stakeholders, explain how respond to their reasonable expectations
- Sustainability
- Materiality - significant impacts that influence decisions of stakeholders
- Completeness
2
Q
GRI principles for defining report quality
A
- Accuracy
- Timeliness
- Balance - both positive and negative
- Comparability - consistant with previous periods, other orgainisations
- Clarity - Understandable and accessible to stakeholders
- Reliability
3
Q
GRI Disclosures
A
General
- Strategy and Analysis
- Orgainisational profile
- Identified material aspects and boundaries
- Stakeholder engagement
- Report profiel
- Governance
- Ethics and integrity
Specific
- Disclosures on management approach
- Indicators - Economic, Environmental, Social
4
Q
Benefits of Environmental reporting
A
- Good publicity
- Reduces corporate risk - reduce finance costs, broader range of investors
- Improved profitability
- Employee morale
5
Q
Arguements against voluntary disclosure of environmental information
A
- Comparability - no prescriptive format
- Reliability - unaudited
- Bias - only show positive aspects
- Information overload
6
Q
Principles of integrated reporting
A
- Strategic focus and future orientation
- Connectivity of information - links between factors that create value
- Stakeholder responsiveness
- Materiality
- Conciseness
- Relibility and completeness
- Consistency and comparability
7
Q
Content of integerated reports
A
- Orgainstaionsal overview and external environment
- Governance
- Business model
- Opportunities and risks
- Strategy and resource allocation
- Performance
- Outlook
- Basis of preparation and presentation
