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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

Narmada Chemicals Ltd wants its sustainability report to disclose its impacts on the economy, environment and people, using standards that any organisation can apply and which stress the 'impact materiality' of the organisation on the outside world. Which framework matches this description?

The GRI Standards fit this description. They guide organisations to report their impacts on the economy, environment and people, an impact-materiality focus. The Integrated Reporting Framework instead centres on how an organisation creates value over time, mainly for providers of financial capital, so it is the wrong match.

  1. AGRI StandardsCorrect
  2. BIntegrated Reporting Framework of the IFRS Foundation
  3. CCompanies (Accounts) Rules, 2014
  4. DSecretarial Standard on Board Meetings

Explanation

The GRI Standards focus on an organisation's impacts on the economy, environment and people, which is impact materiality for a wide range of stakeholders. The Integrated Reporting Framework focuses on value creation over time for providers of financial capital, so it does not match. The other two are not sustainability reporting frameworks.

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