What two dimensions are assessed in material assessment according to GRI?

The material assessment process according to the Global Reporting Initiative (GRI) involves evaluating two key dimensions: the significance of impacts and stakeholder decisions. This approach recognizes that in order to effectively report on sustainability, organizations need to identify which impacts are most significant to their operations and stakeholders.

The significance of impacts refers to how the organization's activities or products affect environmental, social, and economic factors. It is essential for companies to assess these impacts in order to focus their reporting on the issues that matter most to their stakeholders and can drive performance improvements.

Stakeholder decisions, on the other hand, involve understanding the perspectives and needs of those who are affected by or can affect the organization. This includes employees, customers, suppliers, and communities, among others. Their input is crucial for determining which issues are considered material, as it helps organizations to align their sustainability reporting with stakeholder expectations and requirements.

By integrating these two dimensions into their material assessment, organizations can ensure that their sustainability efforts are responsive and meaningful in the context of both their operational impacts and the views of their stakeholders. This holistic approach enhances the credibility and relevance of the reports produced under GRI standards.