Which principle requires reported information to be accurate and detailed?

The principle of accuracy is fundamental in the context of sustainability reporting as promoted by the Global Reporting Initiative (GRI). This principle dictates that the information reported must be not only correct but also sufficiently detailed to ensure that stakeholders can trust the validity of the data presented. Accurate reporting ensures that the audience receives a true representation of an organization’s performance and impacts, enabling informed decision-making.

When organizations adhere to this principle, they provide clear and factual data that reflects the actual circumstances. This fosters transparency and accountability, which are essential elements for stakeholder engagement. An accurate report avoids misleading interpretations and misinforms stakeholders about the company's sustainability efforts and impacts, thereby maintaining credibility in the reporting process.

The other principles, while important, do not specifically focus on accuracy. Balance pertains to presenting both positive and negative outcomes; clarity emphasizes the need for the information to be easily understandable; while timeliness stresses providing information at appropriate moments to enhance relevance. However, accuracy is the cornerstone that underpins the reliability of the information reported.