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CS Professional · Environmental, Social and Governance (ESG) - Principles and Practice · Integrated Reporting Framework, Global Reporting Initiative Framework and Business Responsibility and Sustainability Reporting

Kaveri Steels Ltd claims its report is 'in accordance with' the GRI Standards. Which of the following is a requirement for making such a claim under GRI 1?

To claim reporting 'in accordance with' the GRI Standards, the organisation must meet all requirements of GRI 1, including reporting the GRI 2 general disclosures and the GRI 3 material topics disclosures. It need not report every Topic Standard or obtain external assurance.

  1. AReporting on every Topic Standard published by GRI
  2. BHaving the report externally assured by a chartered accountant
  3. CComplying with all the requirements of GRI 1, including reporting the disclosures in GRI 2 and GRI 3Correct
  4. DPublishing the report only on the company's website

Explanation

GRI 1 sets nine requirements for reporting in accordance with the Standards, including applying reporting principles, reporting GRI 2 disclosures, determining material topics and reporting GRI 3 disclosures. Reporting on all Topic Standards is wrong since only material topics are reported. External assurance is recommended but not mandatory.

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