Organization's Compliance with GRI's Sustainability Reporting Guidelines: A CASE of Royal Dutch Shell in Europe
Environment – the organization has implemented and followed a variety of environmental laws and obliged its reporting and regulations within the region they are operating. It has covered the cost including the operating expenses of third-party claims, sanctions, fines clean up, and avoiding other unauthorized discharges like waste handling, self-disposal, soil, water, and air. Hence, the organization is following the GRI standard for the safety and security of the environment within its region.
Stakeholder engagement – the organization is striving to
maintain healthy relationships with its employees, communities, governments,
non-government organizations, suppliers, and contractors, and lastly with a report
review panel. This is the way they are responding to its internal and external
stakeholders for its sustainable performance and development.
The emergence of technology is resulting in rapid growth and progressive development in sustainability and positive reporting in an organization’s outcomes, activities, and strategies (Ball and Bebbington 2008). The sustainable report (SR) is specifically designed to measure the organizational external sustainability practices (social, environmental, and human rights matters) where this has been taken as volunteer participation (Dickinson et al.2005). SR mostly predominates the performance of an organization. GRI enables various public and private sector organizations to follow the standard but international sustainability practices under a certain set of guidelines for producing better results and outcomes (Dumay, J., Guthrie, J., & Farneti, F. 2010). Like other organizations (OECD, 2006), Shell is also responding to these exercises and guidelines from different perspectives and processes. Hence, the findings portray that GRI SR guidelines are to be developed and followed according to the present needs while no compromise for the needs of future generations; through this organizations like Shell will survive, sustain and grow (GRI 2006).
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