gri-206-anti-competitive-behavior-2016

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GRI 206: ANTI-COMPETITIVE BEHAVIOR 2016

GRI 206

Contents

Introduction3

GRI 206: Anti-competitive Behavior5

1. Management approach disclosures 5

2. Topic-speci?c disclosures 6

D isclosure 206-1 L egal actions for anti-competitive behavior, anti-trust,

and monopoly practices 6 Glossary 7 References 8

About this Standard

Note:This document includes hyperlinks to other Standards. In most browsers, using ‘ctrl’ + click will

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2GRI 206: Anti-competitive Behavior 2016

A. Overview

This Standard is part of the set of GRI Sustainability Reporting Standards (GRI Standards). These Standards are designed to be used by organizations to report about their impacts on the economy, the environment, and society.

The GRI Standards are structured as a set of interrelated, modular standards. The full set can be downloaded at 8c79bb8500020740be1e650e52ea551810a6c9b1/standards/. There are three universal Standards that apply to every organization preparing a sustainability report:

GRI 101: Foundation

GRI 102: General Disclosures

GRI 103: Management Approach

An organization then selects from the set of topic-specific GRI Standards for reporting on its material topics. These Standards are organized into three series: 200 (Economic topics), 300 (Environmental topics) and 400 (Social topics).

Each topic Standard includes disclosures specific to that topic, and is designed to be used together with GRI 103: Management Approach, which is used to report the management approach for the topic.

B. Using the GRI Standards and making claims

There are two basic approaches for using the GRI Standards. For each way of using the Standards there is a corresponding claim, or statement of use, which an organization is required to include in any published materials.

1. T he GRI Standards can be used as a set to prepare

a sustainability report that is in accordance with

the Standards. There are two options for preparing a report in accordance (Core or Comprehensive), depending on the extent of disclosures included in the report.

An organization preparing a report in accordance with the GRI Standards uses this Standard,

GRI 206: Anti-competitive Behavior, if this is one

of its material topics.

2. S elected GRI Standards, or parts of their content, can also be used to report specific information, without preparing a report in accordance with

the Standards. Any published materials that use the GRI Standards in this way are to include a

‘GRI-referenced’ claim.

Introduction

GRI 206: Anti-competitive Behavior is a topic-

specific GRI Standard in the 200 series

(Economic topics).

GRI 101: Foundation is the starting point for using

the GRI Standards. It has essential information

on how to use and reference the Standards.

See Section 3 of GRI 101: Foundation for more

information on how to use the GRI Standards,

and the specific claims that organizations are

required to include in any published materials.

3

GRI 206: Anti-competitive Behavior 2016

C. Requirements, recommendations and g uidance The GRI Standards include:

Requirements. These are mandatory instructions.

In the text, requirements are presented in bold font and indicated with the word ‘shall’. Requirements are

to be read in the context of recommendations and guidance; however, an organization is not required to comply with recommendations or guidance in order

to claim that a report has been prepared in accordance with the Standards.

Recommendations. These are cases where a particular course of action is encouraged, but not required. In the text, the word ‘should’ indicates a recommendation.

G uidance. These sections include background information, explanations and examples to help organizations better understand the requirements.

An organization is required to comply with all applicable requirements in order to claim that its report has been prepared in accordance with the GRI Standards. See GRI 101: Foundation for more information.

D. Background context

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. It does not focus on the financial condition of

an organization.

The Standards in the Economic series (200) address the flow of capital among different stakeholders, and the main economic impacts of an organization throughout society.

GRI 206 addresses the topic of anti-competitive behavior, including anti-trust and monopoly practices.

Anti-competitive behavior refers to actions of an organization or its employees that can result in collusion with potential competitors, with the purpose of limiting the effects of market competition. This can include fixing prices or coordinating bids, creating market or output restrictions, imposing geographic quotas, and allocating customers, suppliers, geographic areas, or product lines. Anti-trust and monopoly practices are actions of

an organization that can result in collusion to erect barriers for entry to the sector, or to otherwise prevent competition. This can include unfair business practices, abuse of market position, cartels, anti-competitive mergers, and price-fixing. These concepts are covered in key instruments of the Organisation for Economic Co-operation and Development: see References.

The disclosures in this Standard can provide information about an organization’s impacts related to anti-competitive behavior, and how it manages them.

4GRI 206: Anti-competitive Behavior 2016

5GRI 206: Anti-competitive Behavior 2016This Standard includes disclosures on the management approach and topic-specific disclosures. These are set out in the Standard as follows:

? M anagement approach disclosures (this section references GRI 103) ? D isclosure 206-1 L egal actions for anti-competitive behavior, anti-trust, and monopoly practices

Reporting requirements

1.1 T he reporting organization shall report its management approach for anti-competitive behavior using GRI 103: Management Approach .

GRI 206:Anti-competitive Behavior

1. Management approach disclosures Management approach disclosures are a narrative explanation of how an organization manages a material topic, the associated impacts, and stakeholders’ reasonable expectations and interests. Any organization that claims its report has been prepared in accordance with the GRI Standards is required to report on its management approach for every material topic, as well as reporting topic-specific disclosures for those topics.

Therefore, this topic-specific Standard is designed to be used together with GRI 103: Management Approach in order to provide full disclosure of the organization’s impacts. GRI 103 specifies how to report on the management approach and what information to provide.

6GRI 206: Anti-competitive Behavior 2016Disclosure 206-1Legal actions for anti-competitive behavior, anti-trust, and monopoly practices 2. Topic-specific disclosures

Guidance

Background

This disclosure pertains to legal actions initiated under national or international laws designed primarily for the purpose of regulating anti-competitive behavior, anti-trust, or monopoly practices.

Anti-competitive behavior, anti-trust, and monopoly practices can affect consumer choice, pricing, and other factors that are essential to efficient markets. Legislation introduced in many countries seeks to control or prevent monopolies, with the underlying assumption that competition between enterprises also promotes economic efficiency and sustainable growth. Legal action indicates a situation in which the market actions or status of an organization have reached a sufficient scale to merit concern by a third party. Legal decisions arising from these situations can carry the risk of significant disruption of market activities for the organization as well as punitive measures.

R eporting requirements

206-1Disclosure

7GRI 206: Anti-competitive Behavior 2016Glossary

anti-competitive behavior

action of the organization or employees that can result in collusion with potential competitors, with the purpose of limiting the effects of market competition

Note: E xamples of anti-competitive behavior actions can include fixing prices, coordinating bids, creating market or output restrictions, imposing geographic quotas, or allocating customers, suppliers, geographic areas, and product lines.

anti-trust and monopoly practice

action of the organization that can result in collusion to erect barriers for entry to the sector, or another collusive action that prevents competition

Note: E xamples of collusive actions can include unfair business practices, abuse of market position, cartels, anti-competitive mergers, and price-fixing.

impact

In the GRI Standards, unless otherwise stated, ‘impact’ refers to the effect an organization has on the economy, the environment, and/or society, which in turn can indicate its contribution (positive or negative) to sustainable development.

Note 1: I n the GRI Standards, the term ‘impact’ can refer to positive, negative, actual, potential, direct, indirect, short-term, long-term, intended, or unintended impacts.

Note 2: I mpacts on the economy, environment, and/or society can also be related to consequences for the organization itself. For example, an impact on the economy, environment, and/or society can lead to consequences for the organization’s business model, reputation, or ability to achieve its objectives.

material topic

topic that reflects a reporting organization’s significant economic, environmental and social impacts; or that substantively influences the assessments and decisions of stakeholders

Note 1: F or more information on identifying a material topic, see the Reporting Principles for defining report content in GRI 101: Foundation .

Note 2: T o prepare a report in accordance with the GRI Standards, an organization is required to report on its material topics.

Note 3: M aterial topics can include, but are not limited to, the topics covered by the GRI Standards in the 200, 300, and 400 series.

This Glossary includes definitions for terms used in this Standard, which apply when using this Standard. These definitions may contain terms that are further defined in the complete GRI Standards Glossary .

All defined terms are underlined. If a term is not defined in this Glossary or in the complete GRI Standards Glossary , definitions that are commonly used and understood apply.

References

The following documents informed the development of this Standard and can be helpful for understanding and applying it.

Authoritative intergovernmental instruments:

1.O rganisation for Economic Co-operation and Development (OECD), OECD Guidelines for Multinational

Enterprises, 2011.

8GRI 206: Anti-competitive Behavior 2016

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GRI

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Amsterdam

The Netherlands Legal liability

This document, designed to promote sustainability reporting, has been developed

by the Global Sustainability Standards Board (GSSB) through a unique multi-stakeholder consultative process involving representatives from organizations and report information users from around the world. While the GRI Board of Directors and GSSB encourage use of the GRI Sustainability Reporting Standards (GRI Standards) and related Interpretations by all organizations, the preparation and publication of reports based fully or partially on the GRI Standards and related Interpretations are the full responsibility of those producing them. Neither the GRI Board of Directors, GSSB nor Stichting Global Reporting Initiative (GRI) can assume responsibility for

any consequences or damages resulting directly or indirectly from the use of the GRI Standards and related Interpretations in the preparation of reports, or the use of reports based on the GRI Standards and related Interpretations.

Copyright and trademark notice

This document is copyright-protected by Stichting Global Reporting Initiative (GRI). The reproduction and distribution of this document for information and/or use in preparing a sustainability report is permitted without prior permission from GRI. However, neither this document nor any extract from it may be reproduced, stored, translated, or transferred in any form or by any means (electronic, mechanical, photocopied, recorded, or otherwise) for any other purpose without prior written permission from GRI.

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ISBN: 978-90-8866-103-7

9GRI 206: Anti-competitive Behavior 2016

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