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CS Professional · CSR and Social Governance · CSR and Sustainable Development Goals

Meridian Pharma Ltd prepares a sustainability report and wants a standard that lets stakeholders compare its economic, environmental and social impacts on the world, using universal, sector and topic standards, with an impact-focused (not investor-focused) approach. Which framework should it adopt?

The company should adopt the GRI Standards. They are organised into universal, sector and topic standards and require disclosure of an organisation's impacts on the economy, environment and people, which is an impact-focused approach. Integrated Reporting is oriented to value creation for financial capital providers instead.

  1. AGRI StandardsCorrect
  2. BIntegrated Reporting Framework of the IIRC alone
  3. CSarbanes-Oxley Act requirements
  4. DBasel III norms

Explanation

The GRI Standards are structured as universal, sector and topic standards and focus on an organisation's impacts on economy, environment and people. The Integrated Reporting Framework centres on value creation for providers of financial capital. Sarbanes-Oxley and Basel III are financial reporting and banking rules.

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