Criterion. This is the most important high level standard against which to assess an organization’s progress towards Social Responsibility. Therefore the 5 GIF Criteria include:
- Governance and Management system
- Business Ethics
A definition explicitly explains the overall intent of each Criterion
Topic. This is a conceptual component significantly deploying the high level criteria. In other words, each topic includes a range of areas regarding the same social responsibility aspect and ESG risk type.
Area. Operative component specifically representing a social responsibility issue. To clarify the meaning of each Area and address its evaluation a definition of the intent and the metric is given. However, not all areas are relevant to a specific organization.
For this reason the Framework distinguishes two categories of Area:
- “Core”. Evaluation elements especially specified in the “OECD Due Diligence Guidance for Responsible Business Conduct” and OECD sectorwise guidance that could result into relevant adverse impacts on the Stakeholders.
- “Non-core”. Evaluation elements specified in ISO 26000 and relevant for social responsibility that could result in minor adverse impacts on the Stakeholders without jeopardizing the relationship with them.
Assessment point. Every area consists of a list of assessment points. However, use of assessment points is not mandatory nor are the lists exhaustive. Certainly, the assessment points aim to exemplify the meaning of each area and lead the risk evaluation and scoring.
Furthermore, whenever applicable, the Assessment points also include a reference to the relevant GRI standard. Subsequently the assessment takes into consideration data and records collected according to the Sustainability Reporting standard.