About the data
This metric is based on the Global Reporting Initiative (GRI) Standard Guidelines.
In the context of the GRI Standards, the social dimension of sustainability concerns an organization’s impacts on the social systems within which it operates.
GRI 419 addresses the topic of socioeconomic compliance. This includes an organization’s overall compliance record, as well as compliance with specific laws or regulations in the social and economic area. Compliance can relate to accounting and tax fraud, corruption, bribery, competition, the provision of products and services, or labor issues, such as workplace discrimination, among others. This includes compliance with international declarations, conventions, and treaties, as well as national, sub-national, regional, and local regulations.
These concepts are covered in key instruments of the Organisation for Economic Co-operation and Development. The disclosures in this Standard can provide information on an organization’s compliance with applicable laws and regulations, and with other instruments.
Methodology
For this metric question you are being asked to identify amount of fines (in USD) the organization has received for non-compliance with social and economic laws and regulations for a specific year. Start by searching publicly available documents like Annual and CSR reports.
Keywords and search terms for this metric
- Fine
- Non-compliance
- 419-1
- GRI
- GRI Index
Answers & Calculations
If the company reports that there have been no socioeconomic fines for non-compliance enter the answer as '0'. Select the 'Unknown' answer box if the company has not published the data.
Always include the page number where you found the answer in the Comments field below.
Units
The answer for this metric must be in US dollars. If the fines reported by the organization are not in US dollars convert them to US dollars using this currency converter. Make sure you select the year in which report was published as the year for the currency conversion.