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In 2018, the GRI G4 Sustainability Reporting Guidelines were superseded by the GRI Sustainability Reporting Standards (GRI standards). This is the methodology for G4-EC1-a which has been superseded by GRI 201-1 - the current GRI 201-1 metric can be found [[https://wikirate.org/Global_Reporting_Initiative+Economic_Value_Retained_G4_EC1_a|here]][[https://wikirate.org/Global_Reporting_Initiative+Economic_value_retained_GRI_201_1_G4_EC1_a|here]].
About
This metric is based on the Global Reporting Initiative (GRI) G4 Guidelines. It covers one of the reporting requirements of Indicator G4-EC1 – ‘Direct economic value generated and distributed’.
Information on the creation and distribution of economic value provides a basic indication of how the organization has created wealth for stakeholders. Several components of the economic value generated and distributed (EVG&D) also provide an economic profile of the organization, which may be useful for normalizing other performance figures. If presented in country-level detail, EVG&D can provide a useful picture of the direct monetary value added to local economies.
Methodology
To calculate the direct economic value that the company retains - G4-EC1-a3:
Compile the EVG&D data (see G4-EC1-a1 & G4-EC1-a2), where possible, from data in the organization’s audited financial or profit and loss (P&L) statement, or its internally audited management accounts.
Subtract the Economic Value Distributed (EVD) from the Economic Value Generated (EVG), this will give you the Economic Value Retained (EVR).
For WikiRate Researchers:
Please see this page for guidelines on how to research values for GRI-based metrics.
About
This metric is based on the Global Reporting Initiative (GRI) G4 Guidelines. It covers one of the reporting requirements of Indicator G4-EC1 – ‘Direct economic value generated and distributed’.
Information on the creation and distribution of economic value provides a basic indication of how the organization has created wealth for stakeholders. Several components of the economic value generated and distributed (EVG&D) also provide an economic profile of the organization, which may be useful for normalizing other performance figures. If presented in country-level detail, EVG&D can provide a useful picture of the direct monetary value added to local economies.
Methodology
To calculate the direct economic value that the company retains - G4-EC1-a3:
Compile the EVG&D data (see G4-EC1-a1 & G4-EC1-a2), where possible, from data in the organization’s audited financial or profit and loss (P&L) statement, or its internally audited management accounts.
Subtract the Economic Value Distributed (EVD) from the Economic Value Generated (EVG), this will give you the Economic Value Retained (EVR).
For WikiRate Researchers:
Please see this page for guidelines on how to research values for GRI-based metrics.