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GRI 2021 Exam Questions and Answers All Correct (Already Passed)
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GRI 2021 Exam Questions and Answers All Correct (Already Passed) what is "impact"? - Answer-the effect an organization has or could have on the economy, the environment, or people, including on their human rights, as a result of its activities or business relationships. Can be: actual/potentia...

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  • January 4, 2025
  • 8
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • gri
  • gri 2021 exam
  • what is impact
  • what is a material topic
  • gri 2021 exam questions and answers all correct

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  • GRI
  • GRI

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GRI 2021 Exam Questions
and Answers All Correct
(Already Passed)
what is "impact"? - Answer-the effect an organization has or could have on the
economy, the environment, or people, including on their human rights, as a result of its
activities or business relationships. Can be: actual/potential; negative/positive; short-
term/long-term; intended/unintended.

what is a "material topic" - Answer-those that represent the organizations most
significant impacts on the economy, the environment, and people, including on their
human rights.

due diligence - Answer-the process through which an organization identifies, prevents,
mitigates, and accounts for how it addresses its actual and potential negative impacts
on the economy, environment, and people, including on their human rights.

stakeholder - Answer-individuals or groups that have interests that are or could be
affected by an organization's activities. Engaging with ______________(s) is an
important part of the process of identifying impacts and assessing their significance
which helps an org determine its material topics.

what disclosures are required to report in accordance with the GRI standards? -
Answer-GRI 2: General Disclosures 2021, GRI 3: material topics 2021, and disclosures
from GRI topic standards for each material topic

what are the reporting principles? - Answer-accuracy, balance, clarity, comparability,
completeness, sustainability context, timeliness, verifiability (ABCCCSTV)

when can a report be prepared 'in reference to' the GRI standards? - Answer-- if an
organization can't meet some of the requirements outlined in Section 3 of GRI
1:Foundation
- it uses selected gri standards, or parts of their content, to report information about
specific topics

, What are the 9 requirements an institution must comply with when reporting in reference
to the GRI standards? - Answer-- apply reporting principles in sec 4 of GRI 1
- report the disclosures in GRI 2: general disclosures
- how the org determines/manages material topics
- report the disclosures in GRI 3: Material Topics
- Report disclosures from GRI topic standards for each material topic
- provide reasons for omissions
- publish a GRI content index
- Provide a statement of Use
- Notify GRI

What is in Section 5 of GRI 1: Foundation? - Answer-Recommendations for orgs on
aligning their susty reporting with other types of reporting and enhancing reporting
credibility.

When should susty and financial information be published? - Answer-at the same time.
The reports should also cover the same group of entities.

what are the benefits of aligning susty and financial reporting? - Answer-- better comms
with stakeholders about long-term value creation

It is reasonable to expect that... - Answer-impacts that are important to society today
can be seen as a leading indicator of impacts that could become financially material to
an organization over time

How can an organization improve the credibility of its reporting? - Answer-- internal
controls, external assurance, and stakeholder/expert panels. These are NOT required to
report in accordance with GRI.

What are internal controls - Answer-processes designed or implemented by the
organization to provide reasonable assurance regarding the achievement of its
objectives

When an organization engages in external assurance it is required to... - Answer-report
information on its policies/practices related to the assurance (GRI 2: Disclosure 2-5)

What is in GRI 2? - Answer-Disclosures on "profile and scale"
- reporting practices
- activities/workers
-governance
- strategy
- P&P
- stakeholder engagement

when a term is defined in the standards... - Answer-organizations are required to use
this definition to be able to make a claim of reporting in accordance with the standards.

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