GRI STANDARDS: A MODULAR SYSTEM OF INTERCONNECTED STANDARDS
To publicized the most significant effects on the economy, environment, and people, particularly how these affects affect their human rights.
- Any organization to disclose data regarding its effects.
- Information users and stakeholders to comprehend what organizations are supposed to report on.
- Investors to evaluate the organization’s impact and the degree to which its business plan and model incorporate sustainable development.
Universal Standards: GRI 1, GRI 2, GRI 3
- GRI 1: Foundation 2021 outlines the system’s goals and objectives as well as the main ideas behind sustainability reporting.
- GRI 2: General Disclosures 2021 includes disclosures regarding organizational information and reporting processes. such as activities, governance, and policies.
- GRI 3: Material Topics 2021 explains in detail how to choose material subjects. It includes disclosures about how each issue is managed, its list of material topics, and the methodology used to choose those topics.
- Describe the potential subject matter for the organization’s materials topics.
- Apply to organization’s sectors when determining its material topics, and when determining what information to report for the material topics.
Information on its impacts in respect to specific topics.
Reporting in Accordance with GRI Standards
Requirement 1: Apply the reporting principles
Requirement 2: Report the disclosures in GRI 2: General Disclosures 2021
Requirement 3: Determine material topics
Requirement 4: Report the disclosures in GRI 3: Material Topics 2021
Requirement 5: Report Disclosures from the GRI Topic Standards for each material topic
Requirement 6: Provide reasons for omission for disclosures and requirements that the organization cannot comply with
Requirement 7: Publish a GRI Content Index
Requirement 8: Provide a statement of use
Requirement 9: Notify GRI
It enables an organization to give a thorough overview of its greatest impacts and how it controls these impacts. The organization cannot claim that the reported information was created in compliance with the GRI Standards if none of the nine standards are met. If the organization complies with the requirements, it may be entitled to say that it prepared the reported information using the GRI Standards.