GRI, 2024 Update questions with 100%
correct answers
internal benefits of gri standards -Correct Answer-- Set vision and strategy
- Measure performance
- Manage risks
- Motivate employees
external benefits of gri standards -Correct Answer-- Build reputation and trust
- Attract capital
- Engage with stakeholders
- Comply with regulatory requirements
Key features of gri standards -Correct Answer-- 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? -Correct Answer-global sustainability standards board (GSSB), an
independent authority operating under the auspices of GRI
what are the universal standards? -Correct Answer-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? -Correct Answer-- 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? -Correct Answer-- 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? -Correct Answer-- 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? -Correct Answer-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. -Correct Answer-
the applicable sector standards
What are the topic standards? -Correct Answer-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? -Correct Answer-- 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. -Correct Answer-Topic Standards
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