SSA-CH3

GRI, independent

___ it is an _____ international organization that provides the most widely used standards for sustainability reporting

Governance, economic, environmental, social

GRI Standards has a comprehensive reporting requirement covering _____, ______, _____, ____ topics

Global sustainability Standards Boards (BSSB)

Is an independent operating body under the auspices of the GRI

Foundation, General Disclosures, Management Apporach

Universal Standards (100 series) includes 3 standards: GRI 101: ____, GRI 102: ____, GRI 103:____,

GRI 101: Foundation

is the starting point for using the set of GRI Standards.

GRI 102: General Disclosures

is used to report contextual information about an organization and its sustainability reporting practices

GRI 103: Management Apporach

is used to report information about how an organization manages a material topic.

Topic Specific Standards

These are used to report information on an organization's impact related to economic, environmental, and social topics (e.g., Economic Performance, Materials, or Employment).

Economic, Environmental, Social

Topic Specific Standard, the 200 _____topics, 300 ____topics, and 400 ____topics.

Core

This options indicates that a report contains the MINIMUM information needed to understand the nature of the organization, material topics, and related impacts and how these are managed

Comprehensive

This builds on the core option by requiring additional disclosures on the org's strategy, ethics and integrity and governance.

raison d’etre (reason of state)

GRI states " to help organizations be transparent and take responsibility for their impacts so that we can create a sustainable future "

IR Framework

It aims to monitor how the capitals are used and created by the business model and discloses the companies' strategies in light of risks and outlook

monitor, used and created, business model, discloses

IR Framework aims to ___ how the capitals are ___ by the _____ and _____ the companies' strategies in light of risks and outlook

Six Capitals

Stocks of value on which all organizations depend for their success as inputs to their business mode;

Integrated report

It is a concise communication about how an organization's strategy, governance, performance and prospects in the context of external environment.

strategy, governance, performance, prospects

It is a concise communication about how an organization's ___, ___, ___ and ___ in the context of external environment.

Financial Capital

pool of funds that is available to an organization for use in the production of goods. and provision of services and obtained through financing.

Manufactured Capital

manufactures physical objects that are available to an organization for use in the production of goods or provision of services

Intellectual Capital

Organization, knowledge-based intangibles, including intellectual property and organization capital

Human Capital

competencies, capabilities, experience and motivations of people to innovate

Social and reltionship Capital

The institutions and the relationships within and between communities, groups of stakeholders and other networks, and the ability to share information to enhance individual and collective well-being.

Natural Capital

all renewable and non-renewable environmental resources and processes that provide goods or services supports past, current or future.

Sustainability Accounting Standards Board (SASB)

It provides industry-based sustainability standards for more than 77 specific industries that includes five general sustainability themes.

industry-based, 77, five

SASB provides ____ sustainability standards for more than ___ specific industries that includes ___ general sustainability themes.

Environment (6 issues)

This dimension includes environmental impacts, either using non-renewable, natural resources as inputs to the factors of production or through harmful releases into the environment that may result in impacts to the company's financial condition or operating performance.

Social Capital (7 issues)

This dimension relates to the expectation that a business will contribute to society in return for a social license to operate.

Human Capital (3 issues)

This dimension addresses the management of a company's human resources (employees and individual contractors) as key assets to delivering long-term value.

Leadership and Governance (5 issues)

This dimension involves the management of issues that are inherent to the business model or common practice in the industry and that are in potential conflict with the interest of broader stakeholder groups.

Business Model and Innovation (5 issues)

This dimension addresses the integration of environmental, human, and social issues in a company's value-creation process, including resource recovery and other innovations in the production process.

Task Force on Climate-Related Financial Disclosures (TCFD)

It encouraged all entities with public debt or equity securities to voluntarily adopt its disclosure recommendations.

private-sector, final recommendations, risk, opportunities and financial impacts.

TCFD is a ___ task force created by Financial Stability Board issued its ___ on climate-related financial disclosure focusing on climate-related ____, _____, ____

12 industries

Supplemental guidance created for non-financial sector based on ________

Physical Risks

It is related to the physical effects of climate change. includes; hurricanes, cyclones, flooding or fires and chronic risks (long term shifts in climate pattern)

GRI

As to materiality- Material Aspects are those that reflect the org's significant economic, environmental and social impacts

IR framework

As to materiality- A matter is material if it could substantively affect the organization's ability to create value in short, medium, long term.

SASB

As to materiality- Financially material issues that are reasonable likely to impact the financial condition.

TCFD

As to materiality- Public Companies legal obligation to disclose material information in their financial fillings (climate-related info_

Climate Disclosure Standards Board (CDSB)

It is an international consortium of business and environmental NGOs, companies can use to incorporate climate change and environmental information into their mainstream.

consortium, NGOs, climate change, environmental

CDSB is an international ___ of business and environmental _____, companies can use to incorporate_____ and ____ information into their mainstream.

Investors

defined as "existing and potential investors, lenders and other creditors in making decisions about providing resources to the entity"

Core metrics

the result is a collection of core and expanded metrics and disclosures that have been drawn whenever possible from existing standards and disclosures. Selection criteria also included materiality to long-term value creation, universality, extent of actionability, and feasibility of reporting

Core metrics (24)

these are more established or critically important metrics and disclosures that are already being reported by many organizations or can be obtained with reasonable

Expanded metrics (34)

Less well-established in existing practice and standards and have a wider value chain scope.

Governance, planet, people, prosperity

The metrics are organized along the lines of the four pillars; _________, __________, __________, _________ which are aligned with the UN Sustainable Development Goals (SDGs).