GRI, TNFD Release Guide to Help Companies Report on Nature Impact Using Both Standards

The Global Reporting Initiative (GRI), one of the leading organizations promoting standardized ESG reporting, and the Taskforce on Nature-related Financial Disclosures (TNFD) announced the publication of a joint interoperability mapping resource, a new guide aimed at helping companies looking to report on nature-related and biodiversity risks and impacts using both the GRI Standards and TNFD recommendations, and to avoid double reporting.

According to the GRI and TNFD, the publication of the resource was made in response to feedback from market participants, following the recent release by both organizations of new standards and recommendations for nature and biodiversity-related reporting.
Earlier this year, the GRI published “GRI 101: Biodiversity 2024,” a major update to its Biodiversity Standard, aimed at enabling companies to publicly disclose on their most significant biodiversity impacts, and how they are managed.

The TNFD was launched in 2021, building on the success of the Task Force on Climate-related Financial Disclosures (TCFD), to support organizations in reporting and acting on their nature-related risks. The organization published its final recommendations for nature-related risk management and disclosure in September 2023, centred around 14 recommended disclosures, aimed at helping inform better decision-making by companies and capital providers on nature and biodiversity-related risks, opportunities, dependencies and impacts.

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