GRI Certification Exam With 100% Correct And Verified Answers 2024, Exams of Advanced Education

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GRI Certification Exam With 100%

Correct And Verified Answers 2024

What does GRI 101 foundation do? Sets requirements Specifies reporting principles: across 2 areas: 4 content, and 6 quality What does GRI 201 General disclosures do? There are 33 in CORE and 23 addl in COMPREHENSIVE for total of 56 OSEGSR O rganization S trategy E thics & Integrity G overnance S takeholder Engagement R eporting Practice What does GRI 3 Material topics do? Explains steps org can take to determine the most relevant, most material topics Associates sector standards What is the purpose of sector standards? Increase quality, completeness and consistency of reporting by organizations. If a sector standard is available, is the company required to use it? Yes What is the foundation of sustainability reporting? Identify and prioritize company's impacts on the economy, environment, and people- to be transparent about their impacts How many reporting principles are there? 10

The reporting principles are fundamental to achieving what? High quality sustainability reporting If an organization claims the sustainability report was prepared "in accordance" with the GRI standards, what does that mean? It applied the 10 Reporting Principles In choosing what content to include in the sustainability report, what should be considered? Organizations activities, impacts and substantive expectations and interests of its stakeholders. What does quality in reporting ensure? Enables stakeholders to make sound and reasonable assessments of an organization and take appropriate actions. What are reporting principle tests? Tools that help an organization assess whether it has applied the principle. Reporting principle test are NOT what? They are not disclosures, they are not required to be reported. What are the four reporting principles for defining report content? ICMC

1. Stakeholder I nclusiveness
2. Sustainability C ontext
3. M ateriality
4. C ompleteness What are the six reporting principles for defining report quality? AB CC (doubleC) RT
5. A ccuracy
6. B alance
7. C larity
8. C omparability
9. R eliability
10. T imeliness What is the purpose of the Foundation?

Builds on the Core by requiring additional disclosures on the organizations strategy, ethics & integrity, and governance. In addition, must report more extensively on its impacts by reporting all the topic-specific disclosures for each material topic covered by the GRI standards. The GRI 102 Standards are used by organizations to report about their XXXXX on the economy, environment and society IMPACTS True of False: a company must move from CORE to COMPREHENSIVE reporting False. Core /Comprehensive do not relate to quality. They reflect degree to which GRI standards have been applied. Company can choose which best fits organization's reporting needs and info needs of its stakeholders. What is GRI 103? Management approach for each material topic including 200 Economic, 300 Environmental and 400 Social. What does it mean when an organization claims "GRI-referenced" If the reporting organization uses parts of content but has not met the criteria to report in accordance with, it shall include a statement that "This material references xxxxx " for each standard used. Stakeholders are entities or individuals that can reasonably be expected to xxxxxxxxxx be affected by the reporting organization's activities, products and services or affect the ability of the organization to implement its xxxxxxxx or achieve its xxxxxxx. significantly / strategies / objectives How many stakeholder engagement questions are there in the GRI? Five 102-40 list of stakeholder groups 102-41 collective bargaining agreements 102-42 identifying stakeholders 102-43 approach to stakeholder engagement 102-44 key topics and concerns raised What is GRI 102-40? List of stakeholder groups What is GRI 102-

Collective bargaining agreements What is GRI 102-42? Identifying & selecting stakeholders What is GRI 102-43? Approach to stakeholder engagement What is 102-44? Key topics and concerns raised by stakeholders Define materiality Shall reflect the reporting organization's significant economic, environmental and social impacts OR substantively influence the assessments and decisions of stakeholders. The standards are made up of disclosures. What are the two types?

1. Required - must comply
2. Recommendations - encouraged but not compulsory Describe the stakeholder inclusiveness principle Identify stakeholders and how responded to reasonable expectations and interests What is the sustainability context principle Requires org to present performance in the wider context of sustainability Explain the materiality principle Requires report to cover topics that
3. reflect org's economic, environmental and social significant impacts OR
4. substantively influence assessments and decisions of stakeholders Explain the 2 parts of the completeness principle Include material topics and their boundaries
5. sufficient to reflect significant econ, environ, and social impacts and
6. enable stakeholders to assess the org's performance in the reporting period

whose activities can be reasonably expected to affect the ability of the org to successfully implement its strategies and achieve its objectives Where are the principles and disclosures related to stakeholder engagement? Stakeholder inclusiveness is part of Materiality and General disclosures 102-40 to 102- What are the 4 primary criteria of omissions

1. can be used if, in exceptional cases, an org cant report a disclosure that is required for reporting in accordance w GRI core or comp
2. can only be used for certain disclosures table 1
3. permitted reasons and requires explanation ate in table 2
4. any reason for omission must be included in the content index What are the 2 requirements for omission reasons? 1 describe the info that has been omitted 2 specify one of the reasons from Table 2 including the required explanation for that reason What are the 4 reasons for omissions from table 2? NCSI 1 N ot applicable 2 C onfidentiality constraints 3 S pecific legal prohibitions 4 I nformation unavailable When the information unavailable omission reason is used, what must be explained? Describe specific steps being taken to obtain the information and the expected timeframe for doing so What are the 4 disclosure types that allow omissions? It's counterintuitive...
5. Ethics & integrity 102-
6. Governance 102-19 to 102-
7. Mgmt approach 103-2 & 103-
8. All topic specific disclosures Who issues the GRI Standards? GSSB Global sustainability standards board

T/F shall = recommendation False. Shall = requirement (two Ls, put ur foot down this is required) Can GRI Standards be used as a set and also individually? Yes What should guide the selection and quality of content? Reporting principles SQR - S election & Q uality guided by R eporting principles How is the glossary relevant for reporting? In the text of the standards, terms defined in the glossary are underlined Is there only one glossary? No. Each standard has its own glossary section. The GRI standards may contain __________ interpretations Standard What is the starting point for reporting? Choose an "in Accordance" option - core or comp T/f the reporting principles must be applied throughout the reporting process True Can a report include information published in different places and formats? Yes, but must have a GRI content index The required information to report for each disclosure is flagged how? It is presented inside a box T/F every GRI standard includes disclosures False- GRI 101 Foundation does not include disclosures List the 4 GRI 101 content principles ICMC Stakeholder I nclusiveness Sustainability C ontext M ateriality C ompleteness

Section 4 governance All reporters have to report on all disclosures in Section 1 organization Section 5 stakeholder engagement Section 6 reporting practice Materiality assesses topics against which two dimensions? Significance of an organization's economic, environmental and social impacts and Substantive influence on the assessments and decisions of stakeholders what does IMPACT mean to GRI? the EFFECT the organization has on the economy, environment and society what are the five categories of IMPACT in GRI? PADSI

1. P ositive/negative
2. A ctual/potential
3. D irect/indirect
4. S hort-term/Long-term
5. I ntended/unintended The IMPACTS can be upon what two areas?
6. economy, environment, society or
7. the organization itself What is 102-46? Part of materiality disclosure,
8. must explain the process for defining the report content and topic boundaries AND
9. an explanation of how the organization has implemented the reporting principles for defining report content What is 102-47? See the 7 as an upside down L L ist of material topics

What two things should you apply in identifying the material topics?

1. Stakeholder inclusiveness
2. Materiality principles Define stakeholder
3. entity or individual that can be reasonable expected to be significantly affected by the reporting organization's activities, products or services OR
4. whose actions can reasonably be expected to affect the ability of the organization to successfully implement its strategies and achieve its objectives what defines a topic boundary? Boundaries are all about YOU organization...
5. impacts you cause
6. impacts you contribute to
7. impacts directly linked to your activities, products and services through your business relationships For each material topic boundary, what two things must be explained? Remember boundaries are all about YOU organization...
8. Where your impact occurs
9. Your organization's involvement with the impact True or False: Materiality is financial materiality. False. Broader than that. Both financial and non-financial. When a material topic boundary extends beyond the organization, what reporting is required?
10. still required to report on the management approach 2. recognized reasons for omissions can be used for topic-specific disclosures, when data is not available Since you lose transparency, you catch a break and can use omissions but still required to report on the mgmt approach When is the management approach required to be reported? For each material topic must report 103: management approach True or False. The management approach disclosures are stand alone disclosures.

The value chain should be used in analyzing what part of the reporting process? Materiality How is the value chain defined? Full range of an organization's upstream and downstream activities which encompasses the full life cycle of a product or service from conception to its end use. Describe the comprehensive reporting option Builds on Core by requiring additional disclosures on strategy, ethics & integrity and governance and report on all the topic-specific disclosures for each material topic SDGs: The 17 Goals are all ________ and have to be implemented by _____ interconnected / 2030 Who is supposed to take ownership for the SDGs? Governments establish national frameworks Who is supposed to work on SDGs? The SDGs call for worldwide joint action by governments, business and civil society to solve pressing global sustainability issues. Multi stakeholder partnerships are a key component of strategies that seek to mobilize all stakeholders around the 2030 Agenda for Sustainable Development. What are the four parts of the business case for SDGs?

1. Business opportunities, innovative solutions, new markets, efficiency gains
2. Risk management
3. Strengthens stakeholder relationships and secures license to operate
4. Policy requirements and regulatory changes How many SDG targets are there? 169 How many SDG tools for reporters are there? Three
5. An Analysis of the Goals and Targets

2. Integrating the SDGs into Corporate Reporting: A Practical Guide
3. Investor needs in Business Reporting on the SDGs What are the 3 groups of 9 steps for integrating SDGs into reporting?
4. Define priority SDG targets
5. Measure and analyze
6. Report, integrate and implement change In the SDG reporting, what is meant by principled prioritization? Process to identify the priority SDG targets for an organization to focus on to contribute to achieving the SDGs A process by which the company prioritizes SDG targets based on an assessment of risks and benefits to people and the environment. A. Risks to people and the environment (entry point A) B. Beneficial SDG-related products, services and investments (entry point B) Why is it relevant to prioritize the SDGs? By following principled prioritization companies can align their strategy efforts and allocation of resources with SDG targets that reflect their significant impacts This follows assessing risks to people and the environment and exploring beneficial products, services and investments what is meant by SDG-washing? Reporting on positive contributions to the Global Goals and ignoring important negative impacts Think of a washing machine shaking everything up and filtering out all the negative dirt and leaving only the clean good stuff. What is meant by SDG cherry-picking? Selecting goals and targets based on what is easiest for companies rather than what accounts for the highest priorities How to conduct principled prioritization? Identify the most severe negative impacts on people and the environment that are linked to the organization's operations and value chain

stakeholder SDG checklist for reporting: Your strategy , including objectives (goals and measurement indicators ) for contributing to the priority SDG targets , recognizing that positive contributions can result from both tackling ______________ and providing ________________________________. This may include a description of relevant company policies, systems and processes, including your engagement with stakeholders. risks... beneficial products or services SDG checklist for reporting: Report instances where your company has caused or contributed to actual __________________ impacts , and the action(s) you have taken to enable ________________________________ to anyone whose human rights were harmed. negative .... effective remedy SDG checklist for reporting: Report on indicators and data that demonstrate how your company _________________________________________________________ for contributing to its priority SDG targets and any __________________ it has encountered. is progressing toward its objectives..... setbacks SDG checklist for reporting: Report your _______________________________ for achieving further progress. future plans What is included in GRI 200 disclosures? There are 7 Economic disclosures EMIPAAT Economic impacts Market presence Indirect economic impacts Procurement practices Anti-corruption Anti-competition Taxes What is included in GRI 300 disclosures? There are 8 Environmental disclosures MEWBEEES Materials Energy

Water Biodiversity Emissions Effluents & Waste Environmental compliance Supplier environmental assessment What is included in GRI disclosure 400? There are 19 Social disclosures ELOTDN FCF SR HLSP CMCS Employment Labor / mgmt relations Occupational health & safety Training & eduation Diversity & equal opportunity Non-discrimination Freedom of association Child labor Forced & compulsory labor Security Rights of indigenous people Human Rights Local communities Supplier Social assessment Public policy Customer health & safety Marketing & labeling Customer privacy Socio-economic compliance What are the general requirements for GRI 103? Think of a military general bundling up the troops and strictly managing them.

1. If mgmt approach disclosures are combined (bundled) for a group of material topics, the reporting