This metric is based on the Global Reporting Initiative (GRI) Standard Guidelines.
GRI 404 addresses the topic of training and education. This includes an organization’s approach to training and upgrading employee skills, and performance and career development reviews. It also includes transition assistance programs to facilitate continued employability, and the management of career endings due to retirement or termination.
These concepts are covered in key instruments of the International Labour Organization and the Organisation for Economic Co-operation and Development.
This disclosure provides insight into the scale of an organization’s investment in training, and the degree to which the investment is made across the entire employee base.
In 2018, the GRI G4 Sustainability Reporting Guidelines were superseded by the GRI Sustainability Reporting Standards (GRI standards). For this metric, the code G4-LA9 is used in company reporting prior to 2018, and the new GRI 404-1 code used in reporting from 2018 onwards. The methodology for the former G4 standard for this metric can be found here.