In GRI, what does 'transparency' entail?

In the context of GRI, 'transparency' refers to the principle of openness about an organization's sustainability practices and performance. This transparency is essential for building trust with stakeholders, as it allows them to understand how the organization manages its environmental, social, and governance (ESG) impacts. The GRI framework emphasizes that disclosing relevant and accurate information regarding sustainability efforts enables stakeholders to make informed decisions and assessments about the organization's commitment to sustainable development.

By embracing transparency, organizations demonstrate accountability and responsibility in their operations. This practice encourages dialogue with stakeholders, fostering engagement and collaboration that can lead to improved sustainability outcomes. Transparency goes beyond merely disclosing financial results; it encompasses a broader range of indicators related to sustainability, allowing for a more comprehensive assessment of an organization's impacts and efforts in the realm of sustainability.