Companies can use this Standard to demonstrate how they take action, through the use of the GRI Standards, to deal with issues such as occupational health and safety, diversity and equal opportunity, child labour and forced or compulsory labour, within their supply chains. GRI 414: Supplier Social Assessment can be used by an organisation of any size, type, sector or geographic location that wants to report on its impacts related to this topic.
This Standard includes disclosures on the management approach, and topic-specific disclosures. These are set out in the Standard as follows:
- Management approach disclosures: Management approach disclosures are a narrative explanation of how an organisation manages a material topic, the associated impacts, and stakeholders’ reasonable expectations and interests.
- Disclosure 414-1 New suppliers that were screened using social criteria: The reporting organisation shall report the percentage of new suppliers that were screened using social criteria.
- Disclosure 414-2 Negative social impacts in the supply chain and actions taken: The reporting organisation shall report the following information:
- a. Number of suppliers assessed for social impacts.
- b. Number of suppliers identified as having significant actual and potential negative social impacts.
- c. Significant actual and potential negative social impacts identified in the supply chain.
- d. Percentage of suppliers identified as having significant actual and potential negative social impacts with which improvements were agreed upon as a result of assessment.
- e. Percentage of suppliers identified as having significant actual and potential negative social impacts with which relationships were terminated as a result of assessment, and why.
80% of the world’s 250 largest companies report in accordance with the GRI Standards
SustainCase was primarily created to demonstrate, through case studies, the importance of dealing with a company’s most important impacts in a structured way, with use of the GRI Standards. To show how today’s best-run companies are achieving economic, social and environmental success – and how you can too.
Research by well-recognised institutions is clearly proving that responsible companies can look to the future with optimism.
FBRH GRI Standards Certified, IEMA & CIM recognised Sustainability Course | Venue: London LSE
By registering for the next 2-day FBRH GRI Standards Certified, IEMA & CIM recognised course you will be taking the first step in gaining the many benefits of sustainability reporting.
Most importantly, you will gain the knowledge to use the GRI Standards, project manage your own first-class sustainability report and:
- Identify your most important impacts on the Environment, Economy and Society
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This article is based on published information by GRI. For the sake of readability, we did not use brackets or ellipses. However, we made sure that the extra or missing words did not change the publication’s meaning. If you would like to quote these written sources from the original please revert to the following link: