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This metric is based on the Global Reporting Initiative (GRI) Standard Guidelines.
In the context of the GRI Standards, the economic dimension of sustainability concerns an organization’s impacts on the economic conditions of its stakeholders, and on economic systems at local, national, and global levels.GRI[[https://wikirate.org/Source_000090308|GRI 202]] 202 addresses the topic of an organization’s market presence, covering its contribution to economic development in the local areas or communities where it operates. Including members from the local community in an organization’s senior management demonstrates the organization’s positive market presence. Including local community members in the management team can enhance human capital. It can also increase the economic benefit to the local community, and improve an organization’s ability to understand local needs.The disclosures in this Standard can provide information about an organization’s impacts related to market presence, and how it manages them.
In 2018, the GRI G4 Sustainability Reporting Guidelines were superseded by the GRI Sustainability Reporting Standards (GRI standards). For this metric, the code G4-EC6-a is used in company reporting prior to 2018, and the new GRI 202-2 code used in reporting from 2018 onwards. The methodology for the former G4 standard for this metric can be found [[https://wikirate.org/Senior_management_hired_from_local_community_G4_EC6_a_Methodology|here]].
In the context of the GRI Standards, the economic dimension of sustainability concerns an organization’s impacts on the economic conditions of its stakeholders, and on economic systems at local, national, and global levels.
In 2018, the GRI G4 Sustainability Reporting Guidelines were superseded by the GRI Sustainability Reporting Standards (GRI standards). For this metric, the code G4-EC6-a is used in company reporting prior to 2018, and the new GRI 202-2 code used in reporting from 2018 onwards. The methodology for the former G4 standard for this metric can be found [[https://wikirate.org/Senior_management_hired_from_local_community_G4_EC6_a_Methodology|here]].