The Global Reporting Initiative (GRI) and the Taskforce on Nature-related Financial Disclosures (TNFD) have jointly introduced an interoperability mapping resource designed to align TNFD Disclosure Recommendations with GRI Standards.
This new tool aims to simplify the reporting process for businesses, facilitating streamlined and cohesive sustainability reporting, according to ESG News.
Over the past two years, GRI and TNFD have worked closely to create this resource. It is specifically designed to help GRI’s 14,000 reporters align their reporting with TNFD Recommendations and support TNFD Adopters in using GRI Standards for their sustainability disclosures.
The resource features a comprehensive guidance document and a correspondence table.
One of the key aspects of this mapping is the consistent use of nature-related concepts and definitions, such as the five drivers of biodiversity loss as defined by the Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services (IPBES).
It also integrates GRI’s materiality approach into the TNFD Recommendations, aligning with TNFD’s flexible materiality framework.
Bastian Buck, Chief Standards Officer at GRI, said, “The ongoing collaboration of GRI with the TNFD has resulted in this detailed mapping tool, supporting thousands of organizations worldwide that already report their biodiversity impacts using the GRI Standards. This resource enables them to seamlessly integrate the TNFD recommendations, allowing for simplified, single-source reporting.“
Esther An, Chief Sustainability Officer of City Developments Limited (CDL), stated, “Nature risks are business risks that should be measured and disclosed in a more robust manner. Having adopted the GRI 304: Biodiversity (2016) since 2017 and as the first Singapore company to publish disclosures aligned with the TNFD Recommendations in 2024, CDL understands the importance of measuring and managing our nature-related dependencies, impacts, risks, and opportunities for long-term resilience.“
Tony Goldner, Executive Director of the TNFD, added, “The release of today’s mapping from GRI and the TNFD will further support market participants needing, or wanting, to report on their nature-related dependencies and impacts leveraging GRI Standards and metrics and in line with the TNFD Recommendations. We look forward to continuing to work with GRI to provide clear, practical support to market participants in their internal assessment and external reporting needs.“
In summary, the interoperability mapping tool underscores the alignment between TNFD and GRI, offering businesses a solid framework for comprehensive and consistent biodiversity reporting.
The key benefits of the mapping include reflecting all disclosures in GRI 101: Biodiversity 2024 within TNFD Recommendations, ensuring strong consistency between TNFD’s core global disclosure metrics and GRI Standards, and incorporating the TNFD LEAP approach in GRI 101 to guide organisations in reporting nature-related issues.
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