What does the GRI Standards emphasize regarding the term "impact"?

The GRI Standards emphasize that the term "impact" should encompass the organization's effects on the economy, environment, and society as a whole. This comprehensive approach ensures that organizations measure and communicate how their activities influence various aspects of sustainable development. By focusing on the broader implications of their operations, organizations can provide stakeholders with a clearer understanding of their contributions and responsibilities toward sustainability.

This holistic view aligns with the GRI’s goal of promoting transparency and accountability, ensuring that reporting goes beyond mere financial interests to include social and environmental considerations. The emphasis on impacts across these three domains reflects a commitment to holistic stewardship and responsible management, supporting organizations’ efforts to make informed decisions that benefit all stakeholders.