ICAEW SE · Chapter 5 · Question 10 of 13
The Global Reporting Initiative (GRI) Standards are widely used for sustainability reporting. What is their main focus?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) The organisation's most significant impacts on the economy, the environment and people, for a broad range of stakeholders
Explanation
The GRI Standards are based on impact materiality, focusing on an organisation's impacts on the economy, environment and people, including human rights. They are aimed at a wide range of stakeholders. This contrasts with the ISSB's investor-focused, financial materiality approach, and the two can be used together.
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