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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

Raghav Pharma Ltd has identified water and effluents and occupational health and safety as its material topics. Under the GRI structure, how should it report on these topics?

Raghav Pharma should report using the Topic Standards that correspond to each of its material topics, together with the GRI 3 disclosures on how those topics were determined and managed. GRI 2 alone is insufficient and reporting on all topics is not required.

  1. AUse only GRI 2 since general disclosures cover all topics
  2. BUse the relevant Topic Standards for each material topic, along with GRI 3 disclosuresCorrect
  3. CUse only the Sector Standard for pharmaceuticals
  4. DUse the Topic Standards for all topics GRI has published

Explanation

After determining material topics, the organisation reports GRI 3 disclosures on the process and list of topics and its management of each topic. It then uses the relevant Topic Standards for the disclosures on each material topic. GRI 2 covers general organisational disclosures, not topic-specific ones, and reporting all topics is unnecessary.

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