Thursday, March 9, 2023

GRI 102: General Disclosures

 

GRI 102: General Disclosures

 

The Global Reporting Initiative (GRI) is an international organization that has developed a comprehensive sustainability reporting framework that helps organizations report their economic, environmental, and social performance. GRI Standard 102: General Disclosures is part of this framework and provides guidance on the general principles that underpin sustainability reporting.

GRI 102 requires organizations to disclose information on the following topics:

Organizational profile: This includes information about the organization's size, structure, ownership, and location.

The Global Reporting Initiative (GRI) is a widely recognized framework for sustainability reporting. GRI 102 provides guidance on General Disclosures, including Organizational Profile. The Organizational Profile is a key component of a sustainability report, as it provides information about the organization's background, governance structure, and management approach.

The following are the key components of the Organizational Profile:

Name of the organization: This should be the legal name of the organization.

Primary brands, products, and/or services: This should describe the main products or services that the organization offers.

Operational structure: This should describe the organization's structure, including any subsidiaries, joint ventures, or other entities that the organization owns or controls.

Location of the organization's headquarters: This should include the city and country where the organization is headquartered.

Number of employees: This should provide the total number of employees working for the organization, broken down by region or country if possible.

Nature of ownership and legal form: This should describe the organization's legal structure and ownership, including any publicly traded shares or ownership by a government entity.

Markets served: This should describe the geographic regions where the organization operates and the markets that it serves.

Scale of the organization: This should provide information about the size of the organization, including its annual revenue and any relevant financial information.

Awards and recognition: This should highlight any awards or recognition that the organization has received for its sustainability or other initiatives.

Significant changes during the reporting period: This should provide an overview of any significant changes that have occurred during the reporting period, such as mergers, acquisitions, or divestitures.

Overall, the Organizational Profile should provide a clear and concise overview of the organization and its operations. It should be written in a way that is easy to understand and should provide a foundation for the rest of the sustainability report.

 

 

 

Strategy and analysis: This includes information about the organization's sustainability strategy, how sustainability issues affect its business, and the risks and opportunities associated with these issues.

Ethics and integrity: This includes information about the organization's values, code of conduct, and how it manages ethical issues.

Governance: This includes information about the organization's governance structure, including the roles and responsibilities of its board of directors and other governance bodies.

Stakeholder engagement: This includes information about how the organization engages with its stakeholders, including customers, employees, suppliers, communities, and others.

Reporting practice: This includes information about the organization's reporting processes and the quality of its sustainability reporting.

By disclosing information on these topics, organizations can provide a comprehensive and transparent picture of their sustainability performance and demonstrate their commitment to responsible business practices.

 

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