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GRI, 2024 Update – Questions With Solutions
GRI, 2024 Update – Questions With Solutions
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GRI, 2024 Update – Questions With Solutionsinternal benefits of gri standards ✔️Ans - - Set vision and strategy
- Measure performance
- Manage risks
- Motivate employees
external benefits of gri standards ✔️Ans - - Build reputation and trust
- Attract capital
- Engage with stakeholders
- Comply with regulatory requirements
Key features of gri standards ✔️Ans - - designed to be used by any org.
- comprehensive range of topics
- flexible framework for reporting
- aligned with best practice in managing and reporting on impacts
- regularly updated
- free public good available in several languages
Who issues the gri standards? ✔️Ans - global sustainability standards
board (GSSB), an independent authority operating under the auspices of
GRI
what are the universal standards? ✔️Ans - they apply to all
organizations:
- GRI 1: Foundation 2021
- GRI 2: General Disclosures 2021
-GRI 3: Material Topics 2021
what is in gri 1 foundation? ✔️Ans - - purpose of the standards
- clarifies critical concepts that provide a common language for reporting
with the Standards
- explains how to use/ reference the standards
- lists requirements that orgs must comply with to report in accordance
with the standards
- specifies the principles (accuracy, balance, and verifiability) that are
fundamental to high quality reporting.
- provides additional reporting recommendations.
, - two appendices and a glossary
what is in gri 2 general disclosures? ✔️Ans - - disclosures detailing org
structure and reporting practices, activities and workers, governance,
strategy, policies, practices, and stakeholder engagement (for reporting
context)
what is in gri 3 material topics? ✔️Ans - - explains and reports on
steps by which an org determines and manages its material topics and how
the sector standards are used in the process. Impacts are grouped into
topics for cohesive reporting.
What is in each sector standard? ✔️Ans - lists topics that are likely to
be material for an organization given a specific sector based on the sector's
most significant impacts. It also lists disclosures from the GRI Topic
Standards for an organization to report.
Any organization that wishes to state that its report has been prepared in
accordance with the Standards is required to use _________________________
when determining its material topics. ✔️Ans - the applicable sector
standards
What are the topic standards? ✔️Ans - final series in system of GRI
standards, each topic standard is dedicated to a particular topic and
contains disclosures relevant to that topic.
What does each topic standard contain? ✔️Ans - - overview of the
topic
- disclosures for an org. to report about its impacts in relation to the topic
- how it manages its impacts.
An organization uses the ___________ _________ that correspond to the topics it
has determined to be material for reporting. ✔️Ans - Topic Standards
What is the GRI Standards Glossary? ✔️Ans - a separate doc that
contains defined terms with specific meaning when used in the context of
the Standards. Orgs are required to use the definitions of terms in the GRI
standards glossary when reporting in accordance with the GRI standards.
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