The G-Index: a sustainability reporting assessment tool

The subject of sustainability reports, especially those related to GRI, has become an interesting topic to academics and practitioners. This paper seeks to propose an easy-to-use sustainability reporting assessment tool that is suitable to the GRI G4 guidelines. Our idea is to provide a tool that can be applied by an organization, based in GRI indicators, in a quick and easy way. The tool, called G-Index, represents the organizational sustainability performance. The index is a sum of four factors, and a questionnaire about the GRI elements raised the data to elaborate a Mudge diagram, which was used to define the weight values. Finally, the method for the evaluation tool was established, and a case study with the automotive sector was performed. The results showed us the G-Index represents a good option to assess the organization's disclosure practices in sustainability reports based on the GRI framework. The report analysis presented some important facts, it is more common the disclosure of the Management Approach then the application of External Assurance. Furthermore, even the General Standard Disclosures of the GRI guidelines being mandatory, some companies do not fully disclose them, as shown in the GS factor, that makes up, the G-Index.