What is stakeholder inclusiveness?

Stakeholder Inclusiveness is one of the four core principles in the GRI G4 Guidelines that help to define report content that is material to the reporting organization and its stakeholders. Stakeholders are defined as entities or individuals that can reasonably be expected to be significantly affected by the organization's activities, products, and/or services; and whose actions can reasonably be expected to affect the ability of the organization to successfully implement its strategies and achieve its objectives. This include entities or individuals whose rights under law or international conventions provide them with legitimate claims vis-à-vis the organization. Stakeholders are individuals or groups that have interests, rights, or ownership in an organization and its activities. These may be divided in two groups: Primary Stakeholders: Customers, suppliers, employees and shareholders are examples of primary stakeholders groups. Secondary stakeholders: Secondary stakeholders include Governments (especially through regulatory agencies), Unions, Non-Governmental Organizations (NGOs) activities, political action groups, and the media. Since the stakeholders for an organization are scattered and there may be variation in their expectation and interest, stakeholder engagement processes can serve as tools for understanding the reasonable expectations and interests of stakeholders. The reasonable expectations and interests of stakeholders are a key reference point for many decisions in the preparation of the sustainability report. The organization should identify its stakeholders, and explain how it has responded to their reasonable expectations and interests.