GRI - Specific Standard Disclosures 

GRI - Specific Standard Disclosures 

Specific Standard Disclosures are a part of the GRI Standards that cover a wide range of sustainability topics. These disclosures are intended to help organizations report on their sustainability performance in a consistent, transparent, and credible manner.

The Specific Standard Disclosures are organized into several topic areas, including:

Economic: This section covers issues such as economic performance, market presence, and economic impact. It includes disclosures on topics such as revenue, investments, and economic contributions to the community.

Environmental: This section covers issues such as energy, water, and waste management, as well as impacts on biodiversity and the environment. It includes disclosures on topics such as greenhouse gas emissions, water consumption, and waste generation and disposal.

Social: This section covers issues such as labor practices, human rights, and community engagement. It includes disclosures on topics such as employment practices, health and safety, and human rights due diligence.

Supply Chain: This section covers issues related to the organization's supply chain, including supplier screening, supplier performance, and supplier relationships.

Other Disclosures: This section includes additional disclosures that are not covered by the other sections, such as product responsibility and anti-corruption.

Each topic area includes a set of specific disclosures that organizations are encouraged to report on. These disclosures are intended to provide detailed information on the organization's sustainability performance in each area.

By reporting on Specific Standard Disclosures, organizations can demonstrate their commitment to sustainability and transparency, and provide stakeholders with valuable information on their sustainability practices and performance. Reporting on these disclosures can also help organizations identify areas for improvement and develop strategies to address sustainability challenges.

 

 

GRI – Specific Disclosures in Detail:

 

Specific Standard Disclosures - Economic

Specific Standard Disclosures - Economic is a part of the GRI Standards that provides information on an organization's economic performance. This section includes the following information:

Economic performance: This section provides information on the organization's economic performance. It should include information on the organization's financial performance, such as revenue, profit, and earnings per share, as well as any non-financial performance indicators related to the organization's economic performance.

Market presence: This section provides information on the organization's market presence. It should include information on the organization's market share, market position, and market size, as well as any changes in these indicators from previous years.

Indirect economic impacts: This section provides information on the organization's indirect economic impacts. It should include information on the organization's contributions to the local and national economy, such as taxes paid, employment generated, and economic development initiatives supported.

Procurement practices: This section provides information on the organization's procurement practices. It should include information on the organization's policies and procedures for selecting suppliers, as well as any efforts to promote sustainability and social responsibility in the supply chain.

Anti-corruption: This section provides information on the organization's anti-corruption efforts. It should include information on the organization's policies and procedures for preventing and addressing corruption, as well as any training or awareness programs for employees and stakeholders.

Overall, the Economic section of the GRI Standards is important because it provides information on the organization's economic performance and impact on the economy. By providing information on these issues, the organization can demonstrate its commitment to sustainability and responsible business practices. This section can also help stakeholders understand the organization's economic contributions and impact, and identify areas where the organization can improve its economic performance and practices.

 

 

Specific Standard Disclosures - Social

Specific Standard Disclosures - Social is a part of the GRI Standards that provides information on an organization's social performance. This section includes the following information:

Labor practices and decent work:

This section provides information on the organization's labor practices and commitment to decent work. It should include information on the organization's employment practices, such as diversity and inclusion, employee turnover, and training and development opportunities, as well as any efforts to promote fair labor practices and worker rights.

Human rights:

 This section provides information on the organization's commitment to human rights. It should include information on the organization's policies and procedures for respecting human rights, as well as any efforts to identify and address human rights risks in the organization's operations and supply chain.

Society:

This section provides information on the organization's impact on society. It should include information on the organization's contributions to social and community development, such as donations, philanthropic initiatives, and community engagement programs.

Product responsibility:

 This section provides information on the organization's product responsibility. It should include information on the organization's policies and procedures for ensuring the safety, quality, and sustainability of its products and services, as well as any efforts to address customer concerns and complaints.

Overall, the Social section of the GRI Standards is important because it provides information on the organization's social performance and impact on stakeholders. By providing information on these issues, the organization can demonstrate its commitment to sustainability and responsible business practices. This section can also help stakeholders understand the organization's social contributions and impact, and identify areas where the organization can improve its social performance and practices.

 

Specific Standard Disclosures - Supply Chain:

Specific Standard Disclosures - Supply Chain is a part of the GRI Standards that provides information on an organization's supply chain performance. This section includes the following information:

Management approach:

This section provides information on the organization's management approach to supply chain sustainability. It should include information on the organization's policies and procedures for managing supply chain sustainability, as well as any efforts to identify and address supply chain risks and impacts.

Supplier assessment:

This section provides information on the organization's supplier assessment practices. It should include information on the organization's policies and procedures for assessing suppliers, as well as any efforts to promote sustainability and social responsibility in the supply chain.

Supplier performance:

This section provides information on the organization's supplier performance. It should include information on the organization's efforts to monitor supplier performance, as well as any actions taken to address non-compliance with sustainability and social responsibility standards.

Supplier relationships:

This section provides information on the organization's relationships with suppliers. It should include information on the organization's efforts to build long-term relationships with suppliers, as well as any initiatives to promote collaboration and shared responsibility for sustainability and social responsibility in the supply chain.

Summary, the Supply Chain section of the GRI Standards is important because it provides information on the organization's supply chain sustainability performance and impact. By providing information on these issues, the organization can demonstrate its commitment to responsible supply chain practices and identify areas where it can improve its supply chain sustainability performance. This section can also help stakeholders understand the organization's supply chain sustainability risks and opportunities, and provide a basis for dialogue and collaboration on supply chain sustainability issues.

 

Specific Standard Disclosures - Other Disclosures:

Specific Standard Disclosures - Other Disclosures is a part of the GRI Standards that provides information on any other disclosures that are relevant to an organization's sustainability performance. This section is intended to capture any disclosures that are not covered in the other sections of the GRI Standards.

The Other Disclosures section can include a wide range of information, depending on the organization and its sustainability performance. Some examples of information that may be included in this section are:

Anti-corruption:

This section provides information on the organization's efforts to prevent and combat corruption. It should include information on the organization's policies and procedures for preventing corruption, as well as any efforts to identify and address corruption risks and incidents.

Customer privacy:

 This section provides information on the organization's protection of customer privacy. It should include information on the organization's policies and procedures for protecting customer privacy, as well as any efforts to comply with applicable privacy laws and regulations.

Data security:

 This section provides information on the organization's data security practices. It should include information on the organization's policies and procedures for protecting data, as well as any efforts to identify and address data security risks and incidents.

Environmental compliance:

This section provides information on the organization's compliance with environmental laws and regulations. It should include information on the organization's efforts to comply with applicable environmental laws and regulations, as well as any efforts to identify and address environmental compliance risks and incidents.

Overall, the Other Disclosures section of the GRI Standards is important because it provides a space for organizations to report on any other sustainability performance disclosures that may be relevant. By providing this information, the organization can demonstrate its commitment to responsible and sustainable business practices, and provide stakeholders with a more complete understanding of its sustainability performance.