The international effort to develop uniform standards for company reports is called the:
A) social audit.
B) triple bottom line.
C) GRI.
D) stakeholder engagement.

Question

Quizplus · Accepted Answer

The Global Reporting Initiative (GRI) is the international effort that aims to develop standardized guidelines or framework for company reports that can be used worldwide. It is a widely recognized and accepted framework that organizations can use to report their sustainability impacts and performance. Option A is incorrect as social audit refers to the process of evaluating and assessing a company's social and environmental performance. Option B is incorrect as triple bottom line refers to an accounting framework that includes three dimensions of sustainability – social, environmental, and financial. Option D is incorrect as stakeholder engagement refers to the process of involving stakeholders in decision-making and management processes.

The International Effort to Develop Uniform Standards for Company Reports