1 /20GRI STUDY 1.internal benefits of gri standards: - Set vision and strategy
-Measure performance
-Manage risks
-Motivate employees
2.external benefits of gri standards: - Build reputation and trust
-Attract capital
-Engage with stakeholders
-Comply with regulatory requirements
3.Key features of gri standards: - 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
4.Who issues the gri standards?: global sustainability standards board (GSSB), an independent authority operating under the auspices of GRI
5.what are the universal standards?: they apply to all organizations : 2 /20-GRI 1: Foundation 2021
-GRI 2: General Disclosures 2021
-GRI 3: Material Topics 2021
6.what is in gri 1 foundation?: - 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
7.what is in gri 2 general disclosures?: - disclosures detailing org
structure and reporting practices, activities and workers, governance,
strategy, policies, practices, and stakeholder engagement (for reporting
context)
8.what is in gri 3 material topics?: - explains and reports on steps by which an org determines and manages its material topics and how the 3 /20sector standards are used in the process. Impacts are grouped into topics for cohesive reporting .
9.What is in each sector standard?: 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 .
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller BESTGOODIES. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.49. You're not tied to anything after your purchase.
