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Question 429 - CSCP discussion

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The Global Reporting Initiative (GRI) is intended to:

A.
track the country's general business practices for country-to-country comparisons.
Answers
A.
track the country's general business practices for country-to-country comparisons.
B.
provide guidance on best practices for preparing a sustainability report.
Answers
B.
provide guidance on best practices for preparing a sustainability report.
C.
allow for appropriate tariffs and fees for cross-border shipments.
Answers
C.
allow for appropriate tariffs and fees for cross-border shipments.
D.
establish the minimum standards that a firm should achieve for best-in-class.
Answers
D.
establish the minimum standards that a firm should achieve for best-in-class.
Suggested answer: B

Explanation:

The Global Reporting Initiative (GRI) is an international independent standards organization that helps businesses, governments, and other organizations understand and communicate their impacts on issues such as climate change, human rights, and corruption. The GRI provides a comprehensive framework for sustainability reporting, which is designed to be used by organizations to report on their environmental, social, and governance (ESG) performance. It offers guidelines that are widely recognized and used globally to ensure transparency and accountability in sustainability reporting. The primary purpose is to help organizations report their sustainability impacts in a structured and reliable manner, thereby enhancing their credibility and comparability.

Reference: GRI Standards, Global Reporting Initiative website.

asked 16/09/2024
Dmitrii Nikolaevich
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