What does GRI 403 focus on?

GRI 403 specifically focuses on occupational health and safety management within organizations. This standard is part of the Global Reporting Initiative’s framework that guides organizations in reporting their impacts and management practices related to workplace safety and health. It encompasses various aspects including the policies and procedures in place to safeguard employee well-being, the processes for risk assessment, and the measures taken to prevent work-related injuries and illnesses. This standard emphasizes the importance of maintaining safe working environments and the need for transparent reporting of health and safety metrics.

The focus on occupational health and safety reflects the growing recognition of these issues as crucial components of corporate responsibility and sustainability, reinforcing that investing in the health and safety of employees is not only ethical but also beneficial for organizational performance in the long run.