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GRI 201: Economic Performance 2016
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GRI 201: Economic Performance 2016

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Questions and Answers

Who is responsible for issuing the GRI 201: Economic Performance 2016 Standard?

  • GRI Standards Consultative Group
  • Global Sustainability Reporting Alliance (GSRA)
  • Global Sustainability Standards Board (GSSB) (correct)
  • Global Reporting Organization (GRO)

    • When does the GRI 201: Economic Performance 2016 Standard become effective?

  • 1 January 2018
  • 1 January 2019
  • 1 July 2018 (correct)
  • 1 July 2019

    • What was the process used to develop the GRI 201: Economic Performance 2016 Standard?

  • Consultation with industry leaders only
  • Internal development by GSSB
  • Multi-stakeholder expertise and intergovernmental instruments (correct)
  • Governmental consultation only

    • What is the purpose of the GRI 201: Economic Performance 2016 Standard?

    <p>Promoting sustainability reporting</p> Signup and view all the answers

    What feedback mechanism is provided for the GRI Standards?

    <p>Submit feedback to the GSSB via email</p> Signup and view all the answers

    What is the responsibility of organizations using GRI Sustainability Reporting Standards and related Interpretations?

    <p>To take full responsibility for the preparation and publication of reports based on the Standards</p> Signup and view all the answers

    What is permitted in terms of reproducing and distributing GRI documents for use in preparing a sustainability report?

    <p>Reproduction and distribution with prior written permission from GRI</p> Signup and view all the answers

    What is the purpose of Disclosure 201-2 in GRI 201: Economic Performance 2016?

    <p>To disclose financial implications and other risks due to climate change</p> Signup and view all the answers

    What does the Glossary section of GRI 201: Economic Performance 2016 contain?

    <p>Defined terms with specific meaning when used in the GRI Standards</p> Signup and view all the answers

    Which entity is responsible for issuing the GRI 201: Economic Performance 2016 Standard?

    <p>The Global Sustainability Standards Board (GSSB)</p> Signup and view all the answers

    What is the effective date for the GRI 201: Economic Performance 2016 Standard?

    <p>1 July 2018</p> Signup and view all the answers

    What feedback mechanism is provided for the GRI Standards?

    <p><a href="mailto:[email protected]">[email protected]</a></p> Signup and view all the answers

    Who was involved in the development of the GRI 201: Economic Performance 2016 Standard?

    <p>Representatives from organizations and report information users from around the world</p> Signup and view all the answers

    What is the responsibility of organizations using GRI Sustainability Reporting Standards and related Interpretations?

    <p>To apply all relevant standards to their reporting activities</p> Signup and view all the answers

    What is the responsibility of organizations using GRI Sustainability Reporting Standards and related Interpretations?

    <p>They are fully responsible for the preparation and publication of reports based on the GRI Standards and related Interpretations.</p> Signup and view all the answers

    When does the GRI 201: Economic Performance 2016 Standard become effective?

    <p>It becomes effective when organizations start using it for reporting.</p> Signup and view all the answers

    What is permitted in terms of reproducing and distributing GRI documents for use in preparing a sustainability report?

    <p>Reproducing and distributing documents is permitted, but only with prior written permission from GRI.</p> Signup and view all the answers

    What feedback mechanism is provided for the GRI Standards?

    <p>No feedback mechanism is provided for the GRI Standards.</p> Signup and view all the answers

    What was the process used to develop the GRI 201: Economic Performance 2016 Standard?

    <p>The standard was developed through a consensus-based approach involving multi-stakeholder working groups.</p> Signup and view all the answers

    Study Notes

    GRI 201: Economic Performance 2016 Standard

    • The Global Reporting Initiative (GRI) is responsible for issuing the GRI 201: Economic Performance 2016 Standard.
    • The GRI 201: Economic Performance 2016 Standard becomes effective for reports published on or after January 1, 2018.

    Development of the Standard

    • The GRI 201: Economic Performance 2016 Standard was developed through a formal public consultation process involving stakeholders.

    Purpose of the Standard

    • The purpose of the GRI 201: Economic Performance 2016 Standard is to provide organizations with guidance on reporting their economic performance.

    Feedback Mechanism

    • The GRI provides a feedback mechanism for the GRI Standards, which allows organizations to provide comments and suggestions.

    Organization Responsibilities

    • Organizations using GRI Sustainability Reporting Standards and related Interpretations are responsible for ensuring that their reports are accurate, complete, and in accordance with the Standards.

    Reproducing and Distributing GRI Documents

    • Organizations are permitted to reproduce and distribute GRI documents for use in preparing a sustainability report, but must acknowledge the GRI and not modify the documents.

    Disclosure 201-2

    • Disclosure 201-2 in GRI 201: Economic Performance 2016 requires organizations to report on financial implications and other risks and opportunities for their operations.

    Glossary

    • The Glossary section of GRI 201: Economic Performance 2016 contains definitions of key terms used in the Standard.

    Stakeholder Involvement

    • The development of the GRI 201: Economic Performance 2016 Standard involved stakeholders from various sectors and industries.

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    Test your knowledge of GRI 201: Economic Performance 2016 standard. This quiz covers the effective date, responsibility, and due process of the standard.

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