Contingent covenant and GRI: Difference between pages

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imported>Doug Williamson
(Create the page. Sources: Pingyang Gao, University of Chicago, August 2011 http://faculty.chicagobooth.edu/workshops/accounting/past/pdf/GaoConservatismV3.pdf; Klaus M Schmidt, University of Munich 2008: http://www.et.econ.uni-muenchen.de/personen/pr)
 
imported>Doug Williamson
(Remove surplus link.)
 
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''Loan documentation.''
''Corporate reporting - ESG.''


A covenant which comes into effect only if the borrower is doing badly, measured by some pre-agreed measure or other test.
GRI (Global Reporting Initiative) is established to help organisations to take responsibility for their environmental and other impacts, by providing a global common language for communication.  


Its purpose is to allow the borrower to retain operational flexibility while its credit remains strong, but to allow the lender to impose restrictions on the borrower's flexibility when restrictions or renegotiations become appropriate.
To this end, GRI publishes the GRI Standards for sustainability reporting.
 
 
GRI was founded in 1997 following the Exxon Valdez oil spill, and is headquartered in Amsterdam.




== See also ==
== See also ==
* [[Covenant]]
* [[Accounting for Sustainability]] (A4S)
* [[Maintenance covenant]]
* [[Business & Sustainable Development Commission]]
* [[Springing covenant]]
* [[CDP]]
* [[Corporate social responsibility]]
* [[ESG]]
* [[ESG investment]]
* [[Financial reporting]]
* [[Global Sustainable Investment Alliance]]
* [[GRI Standards]]
* [[Sustainability]]
* [[Sustainability reporting]]
* [[Sustainability Linked Loan Principles]]
* [[UK Sustainable Investment and Finance Association]]
 
 
==See also==
*[https://www.globalreporting.org/ GRI home page]
 
[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:Corporate_finance]]
[[Category:Investment]]
[[Category:Long_term_funding]]
[[Category:Compliance_and_audit]]
[[Category:Ethics]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Risk_frameworks]]
[[Category:Risk_reporting]]
[[Category:Financial_products_and_markets]]

Revision as of 17:35, 4 December 2021

Corporate reporting - ESG.

GRI (Global Reporting Initiative) is established to help organisations to take responsibility for their environmental and other impacts, by providing a global common language for communication.

To this end, GRI publishes the GRI Standards for sustainability reporting.


GRI was founded in 1997 following the Exxon Valdez oil spill, and is headquartered in Amsterdam.


See also


See also