Authorised IMDS & CDX Training & Consulting partner for
- Enhanced alignment between TNFD Disclosure Recommendations and GRI Standards.
- Simplified reporting for GRI’s 14,000 global reporters.
- Consistent nature-related concepts and definitions used across both frameworks.
Enhanced Biodiversity Reporting
Global Reporting Initiative (GRI) and the Taskforce on Nature-related Financial Disclosures (TNFD) have unveiled a joint interoperability mapping resource. This tool outlines the alignment between TNFD Disclosure Recommendations and GRI Standards, aiding businesses in streamlined reporting.
Simplified Reporting Process
Over the past two years, GRI and TNFD have collaborated extensively to develop this resource. It helps GRI’s 14,000 reporters align with TNFD Recommendations and assists TNFD Adopters in sustainability reporting according to GRI Standards. The resource includes a guidance document and correspondence table.
Consistent Concepts and Definitions
The mapping highlights the use of consistent nature-related concepts and definitions, such as the five drivers of biodiversity loss defined by IPBES. It ensures the incorporation of GRI’s materiality approach within TNFD Recommendations, following the TNFD’s flexible approach to materiality.
Key Benefits of the Mapping
- Reflects all disclosures in GRI 101: Biodiversity 2024 within TNFD Recommendations.
- Ensures strong consistency between TNFD core global disclosure metrics and GRI Standards.
- Includes the TNFD LEAP approach in GRI 101, guiding organizations in reporting nature-related issues.
The interoperability mapping tool underscores the high level of alignment between TNFD and GRI, providing businesses with a robust framework for comprehensive and consistent biodiversity reporting.