GRI 419: Socioeconomic Compliance 2016 sets out reporting requirements on the topic of socioeconomic compliance. This Standard can be used by an organization of any size, type, sector or geographic location that wants to report on its impacts related to this topic.
This version was updated as of 27 June 2017 to fix minor translations errors. See errata (27 June 2017).
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: see the References section of this Standard.
The disclosures in this Standard can provide information on an organization’s compliance with applicable laws and regulations, and with other instruments.
Additional disclosures that relate to this topic can also be found in:
• GRI 307: Environmental Compliance
If the reporting organization has identified both topics as material, it can combine its disclosures for GRI 307 and GRI 419. For example, if the organization uses the same approach for managing both topics, it can provide one combined explanation of its management approach.
Effective date: 1 July 2018
Earlier adoption is encouraged.
GRI 419: Socioeconomic Compliance
1. Management approach disclosures
2. Topic-specific disclosures
Disclosure 419-1 Non-compliance with laws and regulations in the social and economic area