What is one purpose of stakeholder engagement in the GRI reporting framework?

One purpose of stakeholder engagement in the GRI reporting framework is to understand stakeholder needs and expectations. This aspect is crucial because GRI emphasizes transparency and accountability in sustainability reporting. Engaging with stakeholders, which include employees, customers, suppliers, investors, and communities, allows organizations to gather insights into their perspectives, concerns, and priorities related to environmental, social, and governance issues. By understanding these needs and expectations, organizations can better tailor their sustainability strategies and reporting practices to align with what matters most to their stakeholders, thereby enhancing the relevance and impact of their reports. This engagement also fosters trust and strengthens relationships, contributing to more effective and responsible decision-making.