| • ABOUT GRI
The Global Reporting Initiative started in 1997 as a joint initiative of the non-governmental organization CERES (Coalition for Environmentally Responsible Economies) and UNEP (United Nations Environmental Program) with the aim of promoting quality, rigor and utility of Sustainable Development Reports. In 2002, GRI became an independent organization and officially collaborating with the United Nations Environmental Program, working in coordination with the Global Compact initiative of the General Secretary of the United Nations.
Through an extensive process of consultation, that seeks to set a standard in the long term, GRI developed guidelines of sustainable development reporting that presents principles and a specific content that should guide the preparation of Sustainable Development reports that present a balanced and reasonable view of the economic, environmental and social performance of the organizations. By establishing a common framework, the guidelines promote comparability among the performance of different organizations in different parts of the world and intent to facilitate the interaction with stakeholders.
The implementation of these guidelines is voluntary for every organization that would like to inform about its economic, environmental and social issues. The objective of the guidelines is to support the organizations and their stakeholders with the articulation and comprehension of the contributions that organizations do regarding Sustainable Development.
Transredes S.A. , following its value of corporate citizenship and encouraging the communication with its stakeholders, has decided to implement the GRI guidelines and thus improve the comparability and transparency of its performance. We are the first Bolivian company in adhering to this world-class initiative and hope that the dialogue and transparency that we encourage will support a better understanding and interaction with our stakeholders.
For more information about GRI, the guidelines and companies that follow this initiative please follow the link below.
Global Reporting Initiative
• PRINCIPLES
The GRI guidelines encourage the voluntary implementation of the following principles, as defined by the institution, which are the result of a broad consultation process.
Transparency
Full disclosure of the processes, procedures, and assumptions in report preparation are essential to its credibility. Transparency is an overarching principle and is the centerpiece of accountability. It requires that, regardless of the format and content of reports, users are fully informed of the processes, procedures, and assumptions embodied in the reported information.
Inclusiveness
The reporting organization should systematically engage its stakeholders to help focus and continually enhance the quality of its reports. The inclusiveness principle is rooted in the premise that stakeholder views are integral to meaningful reporting and must be incorporated during the process of designing a report.
Auditability
Reported data and information should be recorded, compiled, analyzed, and disclosed in a way that would enable internal auditors or external assurance providers to attest to its reliability.
Completeness
All information that is material to users for assessing the reporting organization's economic, environmental, and social performance should appear in the report in a manner consistent with the declared boundaries, scope, and time period.
Relevance
Relevance is the degree of importance assigned to a particular aspect, indicator, or piece of information, and represents the threshold at which information becomes significant enough to be reported.
Sustainability Context
The reporting organization should seek to place its performance in the larger context of ecological, social, or other limits or constraints, where such context adds significant meaning to the reported information.
Accuracy
The accuracy principle refers to achieving the degree of exactness and low margin of error in reported information necessary for users to make decisions with a high degree of confidence.
Neutrality
Reports should avoid bias in selection and presentation of information and should strive to provide a balanced account of the reporting organization's performance.
Comparability
The reporting organization should maintain consistency in the boundary and scope of its reports, disclose any changes, and re-state previously reported information.
Clarity
The reporting organization should remain cognizant of the diverse needs and backgrounds of its stakeholder groups and should make information available in a manner that is responsive to the maximum number of users while still maintaining a suitable level of detail.
Timeliness
Reports should provide information on a regular schedule that meets user needs and comports with the nature of the information itself.
For more information about the 2002 Sustainability Reporting Guidelines, please follow the link below:
2002 Sustainability Reporting Guidelines (GRI)
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