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GRI 2021 STANDARDS QUESTIONS AND ANSWERS
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GRI 2021 STANDARDS QUESTIONS AND ANSWERS
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GRI 2021STANDARDS
QUESTIONS AND
ANSWERS
GRI Standards 8 reporting principles - Answers -Accuracy, balance, clarity,
comparability, completeness, sustainability context, timeliness, and verifiability
One of the primary outcomes for companies that decide to report following the GRI
standards is
a- The early identification of emerging issues and evaluation of potentially damaging
risks before they occur
b- To determine the financial implications of poor sustainability performance
c- A marketing tool to enhance brand
d- Reduced transparency between companies and their stakeholders - Answers -a- The
early identification of emerging issues and evaluation of potentially damaging risks
before they occur.
Identify the correct statement about the GRI Standards
a- The GRI Standards provide sustainability reporting disclosures targeted to the largest
organizations in high polluting sectors
b- The GRI Standards mandate performance measurement and change management
within the organization
c- The GRI Standards enable organizations to publicly disclose their most significant
impacts on the economy, environment, and people
d- A materiality assessment is out of the scope of the GRI Standards - Answers -c- The
GRI Standards enable organizations to publicly disclose their most significant impacts
on the economy, environment, and people,
Which statement provides the best description concerning organizations reporting with
reference to the GRI Standards?
, a- Organizations reporting with reference to the GRI Standards have the same
disclosure requirements as organizations reporting in accordance with the GRI
Standards
b- Organizations reporting with reference to the GRI Standards disclose only select GRI
standards or parts of GRI standards.
c- Organizations reporting with reference to the GRI Standards are required to include
disclosures about the organization's reporting practices, organizational activities,
governance, policies, and other details
d- Organizations reporting with reference to the GRI Standards do not need to report a
GRI content index - Answers -b- Organizations reporting with reference to the GRI
Standards disclose only select GRI standards or parts of GRI standards.
The GRI Standards' eight reporting principles are fundamental to achieving high-quality
sustainability reporting. All of the statements are correct, EXCEPT
a- The GRI reporting principles guide organizations in ensuring the quality and proper
presentation of the reported information
b- According to the GRI reporting principles, organizations do not have to disclose
information over time.
c- Each GRI reporting principle provides both a requirement and guidance on how to
apply it in the reporting process
d- According to the GRI reporting principles, organizations are required to gather,
record, compile, and analyze information in such a way that the information can be
examined to establish its quality - Answers -b- According to the GRI reporting principles,
organizations do not have to disclose information over time.
The GRI 2 -General Disclosures includes several sections with the EXCEPTION of:
a- Process to identify material topics
b- Organization details and sustainability reporting practices
c- Disclosure of organization's sustainable development strategy, policies, and practices
d- Disclosure of an organization's governance structure, composition, knowledge, and
remuneration - Answers -a- Process to identify material topics
Which statement best describes the purpose of GRI 3: Materials Topics:
a- GRI 3: Material Topics 2021 introduces the purpose and system of GRI Standards
and explains key concepts for sustainability reporting
b- GRI 3: Material Topics 2021 contains disclosures that the organizations use to
provide information about its reporting practices and other organizational details, such
as its activities, governance, and policies
c- GRI 3: Material Topics 2021 provides guidance on how to determine material topics,
and how the Sector Standards are used in the determination of material topics. In
addition, GRI 3 includes required disclosures for in accordance reporters to report
information about their process of determining material topics, their list of material
topics, and how they manage each of their material topics
d- GRI 3: Material Topics 2021 provides information for organizations about their likely
material topics speci - Answers -c- GRI 3: Material Topics 2021 provides guidance on
how to determine material topics, and how the Sector Standards are used in the
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