GRI 200: Economic - Global Reporting Initiative (GRI)

 

GRI 200: Economic

The GRI 200 guidelines are part of a larger set of sustainability reporting guidelines developed by the Global Reporting Initiative (GRI), which is an international non-profit organization that promotes sustainable development through sustainability reporting. The GRI 200 guidelines specifically cover economic performance, which is a key aspect of sustainability reporting.

The guidelines are organized into three sub-categories, with a more detailed explanation of each sub-category below:

Economic Performance: This sub-category covers information related to an organization's economic performance, including financial performance, investments, and taxes paid. Specifically, it includes information on the following:

More detail on the Economic Performance sub-category of GRI 200.

The Economic Performance sub-category covers information related to an organization's economic performance, which includes financial performance, investments, and taxes paid. Specifically, it includes information on the following:

Economic performance indicators: This includes information on the organization's financial performance, such as revenue, operating costs, gross profit, net income, and other financial metrics that demonstrate the organization's economic performance. These indicators can help stakeholders understand the organization's financial health and stability, and can also help the organization identify areas for improvement.

Direct economic value generated and distributed: This includes information on the organization's contributions to economic development, such as payments to employees, suppliers, and shareholders. This information can help stakeholders understand the organization's economic impact, including its contribution to employment, local economies, and overall economic growth.

Financial implications and other risks and opportunities for the organization's activities due to climate change: This includes information on the organization's approach to addressing climate-related risks and opportunities, such as through carbon accounting or risk assessments. This information can help stakeholders understand the organization's exposure to climate-related risks and its efforts to mitigate those risks, as well as its potential to benefit from opportunities related to the transition to a low-carbon economy.

In addition to the above, the Economic Performance sub-category may also include information on other economic topics, such as investments in research and development, innovation, and technology. This information can help stakeholders understand the organization's approach to staying competitive and adapting to changing market conditions.

Overall, the Economic Performance sub-category of GRI 200 is designed to help organizations report on their economic performance and impact in a transparent and standardized way. By providing this information, organizations can build trust and credibility with stakeholders and demonstrate their commitment to sustainable business practices.

 

 

 

 

 

Economic performance indicators: This includes information on revenue, operating costs, and other financial metrics that demonstrate the organization's economic performance.

Direct economic value generated and distributed: This includes information on the organization's contributions to economic development, including payments to employees, suppliers, and shareholders.

Financial implications and other risks and opportunities for the organization's activities due to climate change: This includes information on the organization's approach to addressing climate-related risks and opportunities, such as through carbon accounting or risk assessments.

Market Presence: This sub-category covers information related to an organization's market presence, including its market share, customer satisfaction, and product quality. Specifically, it includes information on the following:

Market presence indicators: This includes information on market share, market position, and customer satisfaction.

Marketing and labeling: This includes information on the organization's marketing practices, including its approach to responsible advertising and labeling.

Product and service labeling: This includes information on the organization's approach to product and service innovation and development.

More detail on the Market Presence sub-category of GRI 200.

The Market Presence sub-category covers information related to an organization's market presence, including its market share, customer satisfaction, and product quality. Specifically, it includes information on the following:

Market presence indicators: This includes information on the organization's market share, market position, and customer satisfaction. Market share refers to the percentage of the total market that is served by the organization, while market position refers to the organization's relative position within the market. Customer satisfaction refers to the level of satisfaction or dissatisfaction of customers with the organization's products or services.

Marketing and labeling: This includes information on the organization's marketing practices, including its approach to responsible advertising and labeling. This may include information on the organization's adherence to ethical marketing practices, such as avoiding deceptive or misleading advertising, as well as its approach to labeling products and services accurately and transparently.

Product and service labeling: This includes information on the organization's approach to product and service innovation and development. This may include information on the organization's efforts to develop products and services that meet customer needs and preferences, as well as its approach to ensuring the safety and quality of those products and services.

By reporting on these aspects of its market presence, an organization can provide stakeholders with a better understanding of its approach to customer satisfaction and its commitment to responsible marketing and product development practices. This can help to build trust and credibility with stakeholders and demonstrate the organization's commitment to sustainable business practices.

Additionally, reporting on market presence indicators such as market share and position can help stakeholders assess the organization's competitiveness within its market and its ability to generate economic value. This information can be useful for investors, customers, and other stakeholders who are interested in the organization's financial performance and potential for growth.

 

 

Indirect Economic Impacts: This sub-category covers information related to an organization's indirect economic impacts, including its impact on local communities and the broader economy. Specifically, it includes information on the following:

Indirect economic impacts: This includes information on the organization's contributions to economic development, such as through community investment or local supplier development.

Procurement practices: This includes information on the organization's approach to responsible procurement practices, including its approach to working with suppliers and promoting ethical business practices.

Anti-corruption: This includes information on the organization's approach to preventing corruption and promoting ethical business practices.

 

More detail on the Indirect Economic Impacts sub-category of GRI 200.

The Indirect Economic Impacts sub-category covers information related to an organization's indirect economic impacts, which includes the economic impacts associated with its value chain and its activities within the broader economy. Specifically, it includes information on the following:

Economic value generated and distributed: This includes information on the economic value generated and distributed by the organization, which includes not only its direct economic impacts but also the indirect economic impacts associated with its value chain. This information can help stakeholders understand the organization's broader economic contributions and its role in supporting economic growth and development.

Financial assistance received from government: This includes information on any financial assistance or incentives received from government entities, such as tax credits, grants, or subsidies. This information can help stakeholders understand the organization's relationship with government entities and its potential impact on the broader economy.

Infrastructure investments and services provided: This includes information on the organization's investments in infrastructure and the services it provides, which can have indirect economic impacts on the communities in which it operates. This may include information on the organization's investments in transportation, energy, or other critical infrastructure, as well as its efforts to support community development and economic growth.

By reporting on these aspects of its indirect economic impacts, an organization can provide stakeholders with a better understanding of its broader economic contributions and its role in supporting economic growth and development. This can help to build trust and credibility with stakeholders and demonstrate the organization's commitment to sustainable business practices.

Additionally, reporting on financial assistance received from government can help stakeholders assess the organization's potential reliance on government entities and its overall impact on the broader economy. This information can be useful for investors, customers, and other stakeholders who are interested in the organization's financial performance and potential for growth.

 

In Summary, GRI 200 guidelines provide a framework for organizations to report on their economic performance and impact in a transparent and standardized way. By following these guidelines, organizations can communicate their economic performance and impact to stakeholders, including investors, customers, employees, and local communities. This can help to build trust and credibility with stakeholders and demonstrate the organization's commitment to sustainable business practices.