Chapter 2 - Reporting

Question 1

Principles for GRI report content

Answer 1

• Stakeholder inclusiveness - identify stakeholders, explain how respond to their reasonable expectations
• Sustainability
• Materiality - significant impacts that influence decisions of stakeholders
• Completeness

Question 2

GRI principles for defining report quality

Answer 2

• Accuracy
• Timeliness
• Balance - both positive and negative
• Comparability - consistant with previous periods, other orgainisations
• Clarity - Understandable and accessible to stakeholders
• Reliability

Question 3

GRI Disclosures

Answer 3

General

• Strategy and Analysis
• Orgainisational profile
• Identified material aspects and boundaries
• Stakeholder engagement
• Report profiel
• Governance
• Ethics and integrity

Specific

• Disclosures on management approach
• Indicators - Economic, Environmental, Social

Question 4

Benefits of Environmental reporting

Answer 4

• Good publicity
• Reduces corporate risk - reduce finance costs, broader range of investors
• Improved profitability
• Employee morale

Question 5

Arguements against voluntary disclosure of environmental information

Answer 5

• Comparability - no prescriptive format
• Reliability - unaudited
• Bias - only show positive aspects
• Information overload

Question 6

Principles of integrated reporting

Answer 6

• Strategic focus and future orientation
• Connectivity of information - links between factors that create value
• Stakeholder responsiveness
• Materiality
• Conciseness
• Relibility and completeness
• Consistency and comparability

Question 7

Content of integerated reports

Answer 7

• Orgainstaionsal overview and external environment
• Governance
• Business model
• Opportunities and risks
• Strategy and resource allocation
• Performance
• Outlook
• Basis of preparation and presentation