GRI Compliance / Universal Standards
Foundation 2016
For Management Response click here.
For Reporting Boundaries and Methodologies click here.
| REF | Stato | Disclosure | Our Response |
|---|---|---|---|
GRI 101-01 | Full Disclosure | Stakeholder Inclusiveness The reporting organization shall identify its stakeholders, and explain how it has responded to their reasonable expectations and interests. | See Stakeholder Engagement s172(1) Statement section on page 52 of our Annual Report. |
GRI 101-02 | Full Disclosure | Sustainability context The report shall present the reporting organization’s performance in the wider context of sustainability. | The ESG Strategy section, page 54 onward of our Annual Report, explains the wider context of our sustainability strategy and material issues including our actions to limit the impact of climate change. |
GRI 101-03 | Full Disclosure | Materiality The report shall cover topics that:
| Last year we conducted an internal materiality assessment to highlight the issues that we believed mattered most to our stakeholders and to Babcock. This year we extended the materiality assessment to capture the views of some of our key stakeholder groups and ensure that our strategy evolves with their interests and needs and aligns with our priorities. |
GRI 101-04 | Full Disclosure | Completeness The report shall include coverage of material topics and their Boundaries, sufficient to reflect significant economic, environmental, and social impacts, and to enable stakeholders to assess the reporting organization’s performance in the reporting period. | Last year we conducted an internal materiality assessment to highlight the issues we believed mattered most to our stakeholders and to Babcock. This year we extended the materiality assessment to capture the views of some of our key stakeholder groups and ensure that our strategy evolves with their interests and needs and aligns with our priorities. We have done a lot in the past year to drive our corporate environment, social and governance (ESG) strategy and we have reported on progress against our five ESG priorities in the ESG Strategy section of our Annual Report, see page 54 onward. |
GRI 101-05 | Full Disclosure | Accuracy The reported information shall be sufficiently accurate and detailed for stakeholders to assess the reporting organization’s performance. | The reported information indicates sources, which data has been estimated, and the underlying assumptions for the estimation, or where that information can be found. The qualitative statements in the report are consistent with other reported information and other available evidence. |
GRI 101-06 | Full Disclosure | Balance The reported information shall reflect positive and negative aspects of the reporting organization’s performance to enable a reasoned assessment of overall performance. | The report covers both favourable and unfavourable results and topics. The information in the report is presented in a format that allows users to see positive and negative trends in performance on a year-to-year basis. The emphasis on the various topics in the report reflects their relative priority. |
GRI 101-07 | Full Disclosure | Clarity The reporting organization shall make information available in a manner that is understandable and accessible to stakeholders using that information. | The report is presented in a way that is intended to be easily understandable, accessible, and usable by our stakeholders, whether in print form or through the internet. |
GRI 101-08 | Full Disclosure | Comparability The reporting organization shall select, compile, and report information consistently. The reported information shall be presented in a manner that enables stakeholders to analyze changes in the organization’s performance over time, and that could support analysis relative to other organizations. | We have designed our Annual Report and our online GRI and SASB index tables to enable stakeholders to easily review our performance over time, and help readers find comparable information. |
GRI 101-09 | Full Disclosure | Reliability The reporting organization shall gather, record, compile, analyze, and report information and processes used in the preparation of the report in a way that they can be subject to examination, and that establishes the quality and materiality of the information. | Our reporting methodologies for sustainability and responsibility information can be found here. |
GRI 101-10 | Full Disclosure | Timeliness The reporting organization shall report on a regular schedule so that information is available in time for stakeholders to make informed decisions. | We have published the GRI report in line with the current financial year and our external results. The reporting period for our energy consumption and carbon emissions is the calendar year (01 January to 31 December), this is opposed to financial year as we have previously reported. The transition to calendar year reporting has allowed more time to collate, analyse and report our environmental data, which has improved the accuracy and completeness of our data sets. |
