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Global Reporting Initative - Coggle Diagram
Global Reporting Initative
Established in 1997 as an independent international organisation to help businesses and governments worldwide understand and communicate their impact on critical suitability issues such as climate change, human rights, governance and social well being
GRI believe that the practice of disclosing sustainability information inspires accountability, helps identify and manage risks and enables organisations to seize new opportunities
Published a voluntary sustainability framework intended to introduce some standardisation into sustainability reporting
First and most widely adopted global standards for sustainability reporting
Creates a common language for organisations and stakeholders with which the economic, environmental and social impacts of organisations can be communicated and understood. They had been designed to enhance the global compatibility and quality of information on these impacts, thereby enabling greater transparency and accountability of organisations
The GRI Standards can be used in one of two ways
To prepare a sustainability report in accordance with the GRI Standards
To report on specific sustainability information where selected standards or part of the standards are used to produce this information
GRI has made available resources and tools to support organisations in the use of the GRI standards
The GRI standards consist of three universal standards to be used by every organisation that prepares a sustianability report and a series of topic specific standards which an organisation can select from depending on the economic, environmental or social factors that are applicable for their type of organisation
GRI Universal Standards
GRI 101 Foundation
Section 1 describes the reporting principles for determining the report's content and quality
Section 2 explains the requirements for applying the reporting principles and for identifying and reporting on topic specific standards
Section 3 sets out the ways that the GRI standards can be used and the specific claims or statements of use which are required for organisations using the standards
GRI 102: General Disclosures
This standard requires the organisation to provide contextual information about an organisation and its sustainability reporting practices under the following headings
Organisations profile
Strategy
Ethics and integrity
Governance
Stakeholder engagements practices
Reporting process
The information in this standard is important to help stakeholders understand the nature of the organisation and its economic, environmental and social impacts
GRI 103: Management approach
This standard sets out the reporting requirements for an organisation to explain how it manages the economic, environmental and social impacts related to a topic specific standard.
An organisation preparing a report in accordance with the GRI Standards is required to report its management approach for each topic-specific standard selected by the organisation as the disclosures under this standard provide context for the information reported using the topic specific standards