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● Global Reporting Initiative
The Global Reporting Initiative or “GRI” is a methodology that is created via a set of indicators that
can be implemented in an organization; subsequently, it is possible to compare the measurements
and evaluations of organizations’ social responsibility. This independent international organization
helps businesses, governments and other organizations understand and communicate their
impacts on issues linked to economic, social and environmental results. This organization has
promoted sustainability reporting since 1997, and is still the most widely used standard for the
creation of non-financial reporting (KPMG, 2017).
Information on the sustainable activities of an organization are recorded in “Sustainable Reporting
Guidelines”. Thanks to unification, these guidelines today belong to the most extensive and
objective initiative for providing a report on the sustainability of an organization. Reports created
within the Global Reporting Initiative evaluate the behavior of an organization in terms of laws,
norms, regulations, directives, standards of behavior and voluntary sustainable activities. At the
same time, they give consideration to the development of these indicators in time (Global Reporting
Initiative, 2021).
● AccountAbility (AA 1000)
AccountAbility is a series of standards by which an organization attempts to improve its
performance. Heightening an organization’s performance is achieved via a sustainability strategy
and by taking into consideration the environmental and social impacts of said organization.
The goal of the AccountAbility non-profit organization is to support fair business (Národní portál,
2021).
● OECD directive for multinational enterprises
The OECD’s directive titled “Guidelines for Multinational Enterprises” is among the oldest, most
well-known and also most complex tools for the area of socially-responsible entrepreneurship,
which was created in 1976. It was a part of the OECD declaration on international investments and
multinational enterprises. A total of 46 countries agreed to adhere to these Guidelines. However,
the recommendations that are anchored in them are voluntary for enterprises and cannot be
enforced (Ministry of Industry and Trade, 2016).
The goal of the OECD’s Guidelines for Multinational Enterprises is to lead multinational enterprises
towards avoiding and limiting the negative impacts of their activity on society. Areas that these
Guidelines regulate include access to information, human rights, employment and labor
relationships, environment, combatting bribery, consumer interests, science and technology,
economic competition and taxes (Ministry of Industry and Trade, 2016).
Nonetheless, it should be added that these Guidelines are in agreement with the UN Global
Compact and the ISO 26000 Norm (Ministry of Industry and Trade, 2016).
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