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GRI practice questions

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Question 1GRI Standards and the reporting process (GRI 1: Foundation)

What is the primary function of GRI 1: Foundation?

  1. It provides sector-specific disclosures for organizations operating in the oil and gas industry
  2. It sets out the purpose and key concepts of the GRI Standards Correct answer.
  3. It lists the specific disclosures an organization must use to report its greenhouse gas emissions
  4. It explains how to prepare financial statements in line with international accounting rules

Explanation

GRI 1: Foundation introduces the purpose of the GRI Standards, describes the system of standards, sets out the key concepts and reporting principles, and specifies the requirements for reporting in accordance with the GRI Standards.

Question 2GRI Standards and the reporting process (GRI 1: Foundation)

Which set of standards makes up the universal standards?

  1. GRI 1, GRI 2 and GRI 3 Correct answer.
  2. GRI 1, GRI 201 and GRI 413
  3. GRI 201, GRI 302 and GRI 401
  4. GRI 11, GRI 12 and GRI 13

Explanation

The universal standards are GRI 1 (Foundation), GRI 2 (General Disclosures) and GRI 3 (Material Topics), and they apply to every organization that uses the GRI Standards.

Question 3GRI Standards and the reporting process (GRI 1: Foundation)

How many reporting principles does GRI 1 set out?

  1. Eight Correct answer.
  2. Seven
  3. Ten
  4. Six

Explanation

GRI 1 sets out eight reporting principles: accuracy, balance, clarity, comparability, completeness, sustainability context, timeliness and verifiability.

Question 4GRI Standards and the reporting process (GRI 1: Foundation)

Which reporting principle requires an organization to reflect both positive and negative impacts in its report?

  1. Verifiability
  2. Comparability
  3. Timeliness
  4. Balance Correct answer.

Explanation

Balance requires the report to reflect positive and negative impacts and to avoid selections or presentation formats that could inappropriately influence a reader's judgement.

Question 5GRI Standards and the reporting process (GRI 1: Foundation)

Under the GRI Standards, a material topic is one that...

  1. is identified as significant by the majority of the organization's largest institutional investors
  2. reflects its most significant impacts on the economy, environment and people Correct answer.
  3. appears most frequently in the sustainability questionnaires sent by rating agencies to peers
  4. affects the organization's short-term profitability in the markets where it sells its products

Explanation

GRI defines material topics as those that reflect an organization's most significant impacts on the economy, the environment and people, including impacts on human rights.

Question 6GRI Standards and the reporting process (GRI 1: Foundation)

In the GRI Standards, the word 'shall' signals...

  1. a disclosure that is optional for small organizations
  2. a requirement that an organization must comply with Correct answer.
  3. a suggested practice that organizations are encouraged to follow
  4. an example given for illustrative purposes only

Explanation

The GRI Standards use 'shall' for requirements, 'should' for recommendations and 'can' for possibilities. An organization must comply with all requirements to report in accordance with the GRI Standards.

Question 7GRI Standards and the reporting process (GRI 1: Foundation)

Under the GRI Standards, an organization's impacts may be...

  1. limited to impacts occurring within the reporting year
  2. actual or potential, and positive or negative Correct answer.
  3. only negative and only directly caused by the organization itself
  4. only those already measured in the organization's financial accounts

Explanation

GRI 1 defines impacts broadly: they can be actual or potential, negative or positive, short-term or long-term, intended or unintended, and reversible or irreversible.

Question 8GRI Standards and the reporting process (GRI 1: Foundation)

Which principle concerns reporting on a regular schedule so that information is available in time for decisions?

  1. Accuracy
  2. Timeliness Correct answer.
  3. Clarity
  4. Completeness

Explanation

Timeliness means the organization reports on a regular schedule and makes information available in time for stakeholders to make informed decisions.

Question 9GRI Standards and the reporting process (GRI 1: Foundation)

The sustainability context principle requires an organization to...

  1. describe the political context in which its sustainability reporting obligations were set
  2. explain how its sustainability strategy was approved by its board of directors
  3. compare its performance only with the performance of its closest competitors
  4. present its performance against the wider limits and goals of sustainable development Correct answer.

Explanation

The sustainability context principle requires performance to be presented against the limits and demands placed on environmental or social resources at sector, local, national or global level.

Question 10GRI Standards and the reporting process (GRI 1: Foundation)

Which practice best reflects the comparability principle?

  1. Using consistent units and methods over time and explaining any changes Correct answer.
  2. Reporting only the indicators for which data are easiest to collect
  3. Publishing figures only after external assurance is completed
  4. Changing the unit of measurement each year to suit the data available

Explanation

Comparability requires consistency in units, definitions and methods over time and against other organizations, with any changes explained and prior figures restated where relevant.

Question 11GRI Standards and the reporting process (GRI 1: Foundation)

The accuracy principle is chiefly concerned with...

  1. how many pages the sustainability report contains
  2. the number of stakeholders consulted during the reporting cycle
  3. how quickly the report is published after the year end
  4. the detail and precision needed for users to assess performance Correct answer.

Explanation

Accuracy concerns the level of detail and precision needed for stakeholders to assess the organization's performance, including appropriate measurement techniques and disclosure of margins of error.

Question 12GRI Standards and the reporting process (GRI 1: Foundation)

Which principle is supported by keeping records of how data were gathered and calculated?

  1. Clarity
  2. Sustainability context
  3. Verifiability Correct answer.
  4. Balance

Explanation

Verifiability means information is gathered, recorded, compiled and analysed in a way that allows it to be examined and confirmed by internal or external parties.

Question 13GRI Standards and the reporting process (GRI 1: Foundation)

Which reporting principle is met by presenting information in clear language, with a logical structure and well-explained tables and charts?

  1. Comparability
  2. Completeness
  3. Accuracy
  4. Clarity Correct answer.

Explanation

Clarity requires information to be presented in an understandable and accessible way, using clear language, an organized structure and appropriate tables, charts and definitions.

Question 14GRI Standards and the reporting process (GRI 1: Foundation)

How do the GRI Standards determine whether a topic is material?

  1. By the number of stakeholders who raised the topic during engagement
  2. By the significance of the organization's impacts on the economy, environment and people Correct answer.
  3. By whether the topic is covered in the organization's financial statements
  4. By the size of the topic's likely effect on the organization's share price

Explanation

Materiality under the GRI Standards is impact-based: a topic is material when it represents the organization's most significant impacts on the economy, environment and people, including human rights. Financial significance to investors is a different, finance-oriented concept.

Question 15GRI Standards and the reporting process (GRI 1: Foundation)

To state that its report has been prepared in accordance with the GRI Standards, an organization must...

  1. obtain external assurance over every disclosure in the report
  2. report on all topic standards in the GRI Standards series
  3. apply all three universal standards and report on its material topics Correct answer.
  4. publish the report only in English and make it free of charge

Explanation

Reporting in accordance requires applying all three universal standards, including determining and reporting on material topics with the relevant topic standards, and using an applicable Sector Standard where one exists.

Question 16GRI Standards and the reporting process (GRI 1: Foundation)

An organization reports using selected GRI disclosures but does not meet all requirements for reporting in accordance. What claim may it make?

  1. It may not make any reference to the GRI Standards in its report
  2. It may state that its report is in accordance with the GRI Standards with a note on the departure
  3. It may describe its report as 'GRI-referenced' Correct answer.
  4. It may state that its report fully complies with the GRI Standards

Explanation

An organization that uses GRI disclosures without meeting every requirement for reporting in accordance may only describe its report as 'GRI-referenced'; the in-accordance claim is reserved for full compliance.

Question 17GRI Standards and the reporting process (GRI 1: Foundation)

Which body is responsible for developing the GRI Standards?

  1. The International Integrated Reporting Council (IIRC)
  2. The GRI Secretariat's communications department
  3. The Global Sustainability Standards Board (GSSB) Correct answer.
  4. The International Accounting Standards Board (IASB)

Explanation

The GSSB is the independent standard-setting body of GRI and develops the GRI Standards through a formal due process.

Question 18GRI Standards and the reporting process (GRI 1: Foundation)

What is the role of GRI 3: Material Topics 2021?

  1. It explains how to identify, prioritize and report on material topics Correct answer.
  2. It explains how greenhouse gas emissions should be calculated and reported
  3. It sets out the disclosures an organization must report about its governance structure
  4. It provides sector-specific disclosures for organizations in the agriculture sector

Explanation

GRI 3 explains the process for determining material topics and requires the organization to report how it manages each material topic, linking the universal standards to the topic standards.

Question 19GRI Standards and the reporting process (GRI 1: Foundation)

In the GRI Standards, stakeholders are...

  1. groups whose interests are or could be affected by the organization's activities Correct answer.
  2. the external assurance providers that are engaged to verify the organization's sustainability report
  3. only the shareholders and lenders that provide the organization's capital
  4. only the employees who work at the organization's reporting site

Explanation

GRI defines stakeholders as individuals or groups whose interests are or could be affected by the organization's activities; the definition is not limited to parties with a financial relationship.

Question 20GRI Standards and the reporting process (GRI 1: Foundation)

The GRI Standards expect an organization's reporting on human rights to draw on...

  1. internationally recognized human rights standards, such as the International Bill of Human Rights Correct answer.
  2. the reporting practices of its main competitors in the same sector
  3. the organization's own code of conduct as the sole reference point
  4. the national law of the country where the report is published only

Explanation

Human rights reporting under the GRI Standards is grounded in internationally recognized instruments, such as the International Bill of Human Rights and the ILO fundamental conventions, rather than in local law or self-defined codes alone.

Question 21GRI Standards and the reporting process (GRI 1: Foundation)

What does GRI 1 require regarding the availability of the sustainability report?

  1. The report must be sold at a price that covers its production costs
  2. The report must be disclosed only to the organization's investors
  3. The report must be made publicly available Correct answer.
  4. The report must be filed with a securities regulator before publication

Explanation

GRI 1 requires the sustainability report to be made publicly available, for example through publication on the organization's website, so that stakeholders can access the reported information.

Question 22GRI Standards and the reporting process (GRI 1: Foundation)

An organization reports in accordance with the GRI Standards. Besides applying all requirements, what must its report contain?

  1. A reconciliation of its sustainability data to the audited financial statements
  2. A statement of reporting in accordance with the GRI Standards, plus a GRI content index Correct answer.
  3. An assurance statement signed by an independent external auditor covering the entire report
  4. A letter from the board confirming that all significant impacts have been eliminated

Explanation

An in-accordance report must include an explicit statement that it has been prepared in accordance with the GRI Standards and a GRI content index listing the disclosures reported and where to find them.

Question 23GRI Standards and the reporting process (GRI 1: Foundation)

The GRI Universal Standards 2021 (GRI 1, GRI 2 and GRI 3) apply to reports published...

  1. on or after 1 July 2022
  2. on or after 1 January 2024
  3. on or after 1 January 2021
  4. on or after 1 January 2023 Correct answer.

Explanation

GRI 1, GRI 2 and GRI 3 were published in 2021 and are effective for reports published on or after 1 January 2023, when they replaced GRI 101, GRI 102 and GRI 103.

Question 24GRI Standards and the reporting process (GRI 1: Foundation)

Which element forms part of the due process used to develop a GRI Standard?

  1. A vote by the United Nations General Assembly on the final text
  2. A public comment period during which stakeholders can review the draft Correct answer.
  3. Approval of the text by the securities regulator of GRI's host country
  4. A pilot test carried out only by organizations in the same sector

Explanation

GRI's due process includes research, exposure drafts, an open public comment period, pilot testing and approval by the GSSB, which supports multi-stakeholder input and standard-setting independence.

Question 25GRI Standards and the reporting process (GRI 1: Foundation)

An organization's sector is covered by an applicable GRI Sector Standard, but the organization does not use that standard. What is the consequence for its claim?

  1. It may still report in accordance if it discloses the reason for not using the standard
  2. It cannot state that its report is in accordance with the GRI Standards Correct answer.
  3. It may report in accordance provided an external assuror approves the omission
  4. It may report in accordance if it uses at least one topic standard instead

Explanation

Reporting in accordance requires the organization to use an applicable Sector Standard when one exists for its sector, so failing to apply it removes the basis for the in-accordance claim and limits the organization to a GRI-referenced claim.

Question 26GRI Standards and the reporting process (GRI 1: Foundation)

What is the main function of GRI 1: Foundation within the GRI Standards?

  1. It lists the sector-specific disclosures that organizations in high-impact sectors must report.
  2. It sets out the reporting principles and the requirements for reporting in accordance. Correct answer.
  3. It explains the due process by which the GRI Standards are developed and approved.
  4. It provides the detailed topic disclosures on economic, environmental and social impacts.

Explanation

GRI 1 introduces the purpose and structure of the GRI Standards, sets out the reporting principles, and specifies what an organization must do to report in accordance with the GRI Standards.

Question 27GRI Standards and the reporting process (GRI 1: Foundation)

Which documents make up the GRI Universal Standards?

  1. GRI 1: Foundation together with the GRI content index
  2. GRI 1, GRI 3 and the GRI Sector Standards
  3. GRI 1: Foundation, GRI 2: General Disclosures and GRI 3: Material Topics Correct answer.
  4. GRI 2: General Disclosures together with the economic, environmental and social topic standards

Explanation

The Universal Standards are GRI 1, GRI 2 and GRI 3; they apply to every organization reporting with the GRI Standards, while topic standards are then used for the topics found to be material.

Question 28GRI Standards and the reporting process (GRI 1: Foundation)

Which reporting principle requires enough information to assess the organization's impacts within the reporting period and boundary?

  1. Timeliness
  2. Verifiability
  3. Accuracy
  4. Completeness Correct answer.

Explanation

Completeness concerns whether the report contains sufficient information to assess the organization's impacts during the reporting period and across its reporting boundary, including relevant value-chain impacts.

Question 29GRI Standards and the reporting process (GRI 1: Foundation)

In the GRI Standards, which series of topic standards addresses environmental topics?

  1. The 300 series Correct answer.
  2. The 100 series
  3. The 200 series
  4. The 400 series

Explanation

GRI topic standards are numbered by subject area: the 200 series covers economic topics, the 300 series environmental topics and the 400 series social topics.

Question 30GRI Standards and the reporting process (GRI 1: Foundation)

An organization reporting in accordance with the GRI Standards considers one of the GRI 2 disclosures irrelevant to its stakeholders. How should it treat that disclosure?

  1. Report it only if a GRI Sector Standard for its sector requires the same information.
  2. Omit it, provided the omission is noted in the GRI content index.
  3. Omit it, because materiality screening applies to every GRI disclosure.
  4. Report it, since GRI 2 disclosures apply regardless of materiality. Correct answer.

Explanation

GRI 2 disclosures describe the reporting organization and its reporting practices, and all of them are required of any organization reporting in accordance; the materiality assessment governs which topics are reported using topic standards, not GRI 2.

Question 31GRI Standards and the reporting process (GRI 1: Foundation)

What does GRI 1 require so that readers can locate the information an organization has reported against the GRI Standards?

  1. A summary of the previous year's report for comparison
  2. A GRI content index listing the disclosures reported and where to find them Correct answer.
  3. A statement of use signed by the chief executive
  4. A list of all stakeholders that were consulted during the materiality assessment process

Explanation

A report prepared in accordance with the GRI Standards must include a GRI content index that identifies the disclosures reported and gives their location, such as page numbers or links, so that readers can trace each item.

Question 32GRI Standards and the reporting process (GRI 1: Foundation)

A company's report describes its community programmes in detail but does not mention fines it received for pollution incidents. Which reporting principle is most directly compromised?

  1. Balance Correct answer.
  2. Clarity
  3. Timeliness
  4. Accuracy

Explanation

Balance requires the report to reflect both favorable and unfavorable results and to avoid selections or presentations that could unduly influence readers' decisions; leaving out significant incidents makes the picture one-sided.

Question 33GRI Standards and the reporting process (GRI 1: Foundation)

Which organizations are expected to use the GRI Universal Standards?

  1. Any organization, regardless of its size, sector or location Correct answer.
  2. Only large listed companies in countries that mandate sustainability reporting
  3. Only organizations whose sector is covered by a GRI Sector Standard
  4. Only organizations that obtain external assurance on their report

Explanation

The Universal Standards are designed for use by any organization, public or private, large or small, that wishes to report on its impacts using the GRI Standards; no assurance or sector condition is attached to their use.

Question 34GRI Standards and the reporting process (GRI 1: Foundation)

An organization reporting with the GRI Standards decides to apply only the reporting principles it finds most practical. How does this affect its claim?

  1. It can report in accordance if it explains which principles it set aside.
  2. It cannot report in accordance, since all principles must be applied. Correct answer.
  3. It can report in accordance if external assurance confirms the remaining principles.
  4. It can report in accordance for the topics where the principles were applied.

Explanation

GRI 1 requires an organization reporting in accordance with the GRI Standards to apply all of the reporting principles; the claim relates to the report as a whole and cannot be made selectively.

Question 35GRI Standards and the reporting process (GRI 1: Foundation)

Which information is covered by GRI 2: General Disclosures?

  1. The organization's process for determining material topics and its list of material topics
  2. The organization's profile, governance, strategy and reporting practices Correct answer.
  3. Detailed disclosures on emissions, waste and energy consumption
  4. Sector-specific disclosures about the organization's most significant impacts

Explanation

GRI 2 covers general information about the reporting organization, such as its activities and workers, governance, strategy, stakeholder engagement and reporting practices, and is reported by all organizations using the GRI Standards.

Question 36GRI Standards and the reporting process (GRI 1: Foundation)

How do the Universal Standards and the topic standards work together in a GRI report?

  1. Topic standards are applied first, and the Universal Standards are used only for the content index.
  2. The Universal Standards apply to large organizations and topic standards to small and medium-sized ones.
  3. An organization chooses either the Universal Standards or the topic standards, depending on its sector.
  4. The Universal Standards apply to all reports, and topic standards are used for material topics. Correct answer.

Explanation

The Universal Standards set the baseline for every organization reporting with the GRI Standards, while the topic standards supply the disclosures used to report on the specific topics the organization has identified as material.

Question 37GRI Standards and the reporting process (GRI 1: Foundation)

An organization wants to use the GRI Standards alongside another sustainability reporting framework. What does this mean for its GRI claim?

  1. It may combine them, but must still meet all GRI requirements to report in accordance. Correct answer.
  2. It can combine frameworks only if the other framework is also issued by GSSB.
  3. It must choose one framework, because combining frameworks prevents an in-accordance claim.
  4. It may combine frameworks but must drop the GRI content index to avoid duplication.

Explanation

The GRI Standards can be used together with other standards and frameworks; combining them does not relax the GRI requirements, so the organization must still apply all reporting principles, report the GRI 2 and GRI 3 disclosures, and use the relevant topic standards.

Question 38GRI Standards and the reporting process (GRI 1: Foundation)

Which earlier GRI document was replaced by GRI 1: Foundation 2021?

  1. GRI 101: Foundation 2016 Correct answer.
  2. GRI 103: Management Approach 2016
  3. GRI 201: Economic Performance 2016
  4. GRI 102: General Disclosures 2016

Explanation

The 2021 revision of the Universal Standards replaced GRI 101: Foundation 2016 with GRI 1, while the content of GRI 102 and GRI 103 was carried into GRI 2 and GRI 3 respectively.

Question 39GRI Standards and the reporting process (GRI 1: Foundation)

An organization's reporting template was built on the 2016 GRI Standards. Its 2025 report will claim to be prepared in accordance with the GRI Standards. What should it do?

  1. Let the choice of version be determined by the assurance provider's preference.
  2. Keep using the 2016 standards so that its figures stay comparable with earlier reports.
  3. Use the 2016 standards for topic disclosures and the 2021 Universal Standards for general disclosures.
  4. Apply the most recent version of the GRI Standards and update its template accordingly. Correct answer.

Explanation

An organization reporting with the GRI Standards is expected to use the current version, and the Universal Standards 2021 apply to reports published from 2022 onwards, so templates based on superseded standards need updating.

Question 40GRI Standards and the reporting process (GRI 1: Foundation)

An organization states in its report that it has been prepared in accordance with the GRI Standards. What role does GRI play in relation to that claim?

  1. GRI reviews the report and issues a certificate confirming the claim.
  2. GRI does not verify the claim; the organization is responsible for it. Correct answer.
  3. GRI audits the claim only when the report has no external assurance.
  4. The GSSB approves each in-accordance claim before the report is released.

Explanation

Reporting in accordance with the GRI Standards is a self-declaration: the organization is responsible for ensuring that it meets the requirements, and GRI neither certifies nor verifies individual reports.

Question 41General disclosures (GRI 2)

Under GRI 2-1, besides its legal name, an organization is required to disclose which of the following organizational details?

  1. The full list of its suppliers and their countries of operation
  2. The names of its ten largest shareholders, with voting rights
  3. Its nature of ownership and legal form Correct answer.
  4. The credit rating assigned to it by an external agency

Explanation

GRI 2-1 requires the legal name, the nature of ownership and legal form, the location of headquarters, and the countries where the organization operates. The other items are not part of this general disclosure, although shareholder structure may appear elsewhere in financial reporting.

Question 42General disclosures (GRI 2)

Under GRI 2-2, if the entities covered by the sustainability report are not the same as those consolidated in the financial statements, the organization shall:

  1. Restate the previous reporting cycle to remove the difference
  2. Obtain external assurance for the entities left outside the report
  3. Describe the differences between the entities covered by each report Correct answer.
  4. Report only the entities that also appear in the financial statements

Explanation

GRI 2-2 requires a description of the entities included in the sustainability report and of how the reporting boundary differs from that of the financial statements. Transparency about the difference is what the Standard requires, not conforming the two boundaries.

Question 43General disclosures (GRI 2)

Which set of items does GRI 2-3 require the organization to report?

  1. Reporting period and the name of the assurance provider
  2. Reporting period and the total number of report downloads
  3. Reporting frequency and the organization's tax identification number
  4. Reporting period, reporting frequency and contact point Correct answer.

Explanation

GRI 2-3 covers the reporting period and frequency as well as the contact point for questions about the report. This lets readers confirm that the content is current and gives them a route for follow-up.

Question 44General disclosures (GRI 2)

GRI 2-7 requires the total number of employees to be broken down by gender and by which other dimension?

  1. Educational attainment level
  2. Length of service with the organization
  3. Region Correct answer.
  4. Trade union affiliation of each employee

Explanation

Under GRI 2-7 the total number of employees is reported by gender and by region. Further breakdowns are also required, for example by employment type and by full-time or part-time status, but those are separate dimensions from region.

Question 45General disclosures (GRI 2)

GRI 2-11 asks whether the chair of the highest governance body is also a senior executive. When the chair does hold an executive role, the organization shall:

  1. Appoint a separate lead independent director
  2. Disclose the chair's individual remuneration package
  3. Explain the reasons for this arrangement Correct answer.
  4. Publish the chair's full employment contract

Explanation

GRI 2-11 requires disclosure of whether the chair is also a senior executive and, where this is the case, the reasons for combining the roles. The Standard seeks explanation, not a structural remedy.

Question 46General disclosures (GRI 2)

Under GRI 2-22, the statement on sustainable development strategy is expected to be signed by:

  1. The most senior executive or chair Correct answer.
  2. The lead auditor
  3. The head of the sustainability department only
  4. The chair of the stakeholders' panel that reviewed the report

Explanation

GRI 2-22 requires a statement signed by the organization's most senior executive or chairperson that sets out the organization's strategy for sustainable development. The signature signals top-level ownership of the reported strategy.

Question 47General disclosures (GRI 2)

GRI 2-27 deals with significant instances of non-compliance with laws and regulations. What must the organization report?

  1. The number of legal cases it defended successfully
  2. The total number and amount of fines, plus non-monetary sanctions Correct answer.
  3. Only instances that resulted in a criminal conviction
  4. The estimated legal costs incurred in contesting each regulatory finding

Explanation

GRI 2-27 requires the total number of significant instances of non-compliance, the total monetary value of fines, and the total number of non-monetary sanctions. If there were none, that fact is stated.

Question 48General disclosures (GRI 2)

GRI 2-30 requires the organization to report the percentage of employees covered by collective bargaining agreements. That percentage is calculated on which population?

  1. Only employees in countries where unions are legally recognized
  2. Separately for each business unit, then aggregated at group level
  3. Only employees based at the headquarters location
  4. The total number of employees Correct answer.

Explanation

GRI 2-30 asks for the percentage of total employees covered by collective bargaining agreements. A regional or country breakdown may be added as context, but the required figure is based on the whole workforce of employees.

Question 49General disclosures (GRI 2)

An organization changes the method used to calculate its employee turnover figures and restates the prior year figure. Under GRI 2-4, it shall:

  1. Obtain external assurance limited to the restated information
  2. Explain the restatement and give the reason for it Correct answer.
  3. Remove the restated figure and disclose only the current year data
  4. Apply the new method prospectively without referring to earlier periods

Explanation

GRI 2-4 requires that any restatement of information previously reported be disclosed together with an explanation of the reason. Readers need this context to interpret changed numbers correctly.

Question 50General disclosures (GRI 2)

GRI 2-5 on external assurance requires the organization to disclose which of the following?

  1. The audit fee paid to its financial statement auditor
  2. The number of internal audits completed during the period
  3. The names of all analysts that cover its sustainability report
  4. Its policy and practice for seeking external assurance Correct answer.

Explanation

GRI 2-5 asks about the organization's policy and practice for obtaining external assurance, whether the highest governance body is involved, and the relationship between the organization and the assurance provider. It does not require fee disclosure.