What does GRI stand for?

What does GRI stand for?

• A. Global Reporting Index
• B. Global Reporting Initiative
• C. Globally Reportable Issues
• D. Grand Response Issues

Answer: (B)

The correct answer is Global Reporting Initiative. The GRI is an organization that provides a comprehensive framework for sustainability reporting, helping organizations communicate their environmental, social, and governance performance. The initiative aims to promote transparency and accountability in sustainability practices, guiding businesses and governments to report their impacts on the economy, environment, and society clearly and consistently. This framework is widely adopted across various sectors, allowing stakeholders to understand the sustainability efforts of organizations better. The GRI Standards give a structured approach to reporting, ensuring that the information presented is relevant, comparable, and useful for decision-making by investors, consumers, and other interested parties.

The correct answer is Global Reporting Initiative. The GRI is an organization that provides a comprehensive framework for sustainability reporting, helping organizations communicate their environmental, social, and governance performance. The initiative aims to promote transparency and accountability in sustainability practices, guiding businesses and governments to report their impacts on the economy, environment, and society clearly and consistently.

This framework is widely adopted across various sectors, allowing stakeholders to understand the sustainability efforts of organizations better. The GRI Standards give a structured approach to reporting, ensuring that the information presented is relevant, comparable, and useful for decision-making by investors, consumers, and other interested parties.