GRI Standards Learning

Question 1

What is the purpose of GRI standards?

Answer 1

To help organizations communicate their impacts on economy, environment and people transparently and consistently

Question 2

What is the reporting system used in the GRI standards called?

Answer 2

Modular and interrelated, consisting of 3 series of standards : Universal standard, Topic-specific standard and Sector standard

Question 3

Introduce the 3 standards

Answer 3

Universal standards : applicable to all organizations and required for all GRI reporting
Topic - specific standards : cover specific sustainability topics
Sector standards : address sector specific impacts

Question 4

The ways to use the GRI standards

Answer 4

Two ways:
1. Reporting “in accordance with “ the GRI standards - applying all requirements in GRI 1, using GRI 2 & 3 and reporting material topics with the relevant Topic/ Sector standards
2. Using selected GRI standards or disclosures - only using parts of the standards without full compliance

Question 5

Steps to report in accordance with GRI standards

Answer 5

Step 1 : apply GRI 1
Step 2 : using GRI 2 (general disclosures)
Step 3 : using GRI 3 to determine material topics
Step 4 : use relevant Topic and/ or Sector standards

Question 6

Due diligence in the GRI context

Answer 6

A process to identify, prevent, mitigate and account for how an organization addresses its actual and potential negative impacts

Question 7

What is an impact

Answer 7

The effect an organization has on the economy, environment or people including human rights.

Question 8

What are material topics?

Answer 8

Topics that reflect the organization’s most significant impacts on the economy, environment and people