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GRI - Collaboration to deliver enhanced reporting on biodiversity impacts
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partner directory </h3> <p class="card__text"> Explore our extended network of commercial partners who support the use of the GRI Standards </p> </div> <span href="" class="btn-action card__btn"> <i class="fas fa-arrow-right"></i> </span> </a> </div> <div class="col"> <a href="/reporting-support/goals-and-targets-database/" class="card _fade" id="navSlider-goals-and-targets-database"> <div class="card__img" style="background-image: url('?.Url?width=282&height=145&mode=crop')"> </div> <div class="card__body"> <h3 class="card__header"> Goals and targets database </h3> <p class="card__text"> </p> </div> <span href="" class="btn-action card__btn"> <i class="fas fa-arrow-right"></i> </span> </a> </div> </div> </div> <div class="content-slider _hidden" id="public-policy-slider"> <div class="row nav-slider-row"> <div class="col"> <a href="/public-policy/" class="card _fade card--blue" id="navSlider-public-policy"> <div class="card__img" style="background-image: url('Umbraco.Web.PublishedModels.Image?.Url?width=282&height=145&mode=crop');"></div> <div class="card__body"> <h4 class="card__header">Public policy</h4> <p class="card__text"> Working with partners, markets and policymakers to advance sustainable development </p> </div> <span href="" class="btn-action card__btn"> <i class="fas fa-arrow-right"></i> </span> </a> </div> <div class="col"> <a href="/public-policy/legislation-and-regulation/" class="card _fade" id="navSlider-legislation-and-regulation"> <div class="card__img" style="background-image: url('Umbraco.Web.PublishedModels.Image?.Url?width=282&height=145&mode=crop')"> </div> <div class="card__body"> <h3 class="card__header"> Legislation and regulation </h3> <p class="card__text"> How we are working with political and regulatory stakeholders around the world to promote mandatory disclosures </p> </div> <span href="" class="btn-action card__btn"> <i class="fas fa-arrow-right"></i> </span> </a> </div> <div class="col"> <a 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class="share-buttons__all"> <a target="_blank" href="https://www.linkedin.com/sharing/share-offsite/?url=https://www.globalreporting.org/news/news-center/collaboration-to-deliver-enhanced-reporting-on-biodiversity-impacts/" class="btn-square"> <i class="icon-linkedin"></i> </a> <a target="_blank" href="https://twitter.com/intent/tweet?text=Collaboration to deliver enhanced reporting on biodiversity impacts&url=https://www.globalreporting.org/news/news-center/collaboration-to-deliver-enhanced-reporting-on-biodiversity-impacts/" class="btn-square"> <i class="icon-twitter"></i> </a> <a href="/cdn-cgi/l/email-protection#4d722f222934702539393d3e7762623a3a3a632a21222f2c213f283d223f3924232a63223f2a6223283a3e6223283a3e602e282339283f622e2221212c2f223f2c3924222360392260292821243b283f602823252c232e2829603f283d223f3924232a602223602f242229243b283f3e2439346024203d2c2e393e62" class="btn-square"> <i class="icon-next"></i> </a> </div> <button class="btn-square share-buttons__toggle"> <i class="fas fa-share-alt"></i> </button> </div> <div class="content__header"> <h1>Collaboration to deliver enhanced reporting on biodiversity impacts</h1> <p><strong>Published date:</strong> 07 December 2021</p> </div> <div class="content__img-narrow"> <img src="/media/keppknow/biodiversity02-web_.jpg" alt="" /> <p></p> </div> <div class="content__text"> <h3>CDP support the update of GRI’s Biodiversity Standard </h3> <!DOCTYPE html> <html> <head> </head> <body> <p>The development of a new global standard to enable organizations to increase their accountability on biodiversity impacts is progressing, paving the way for a harmonized approach to disclosure.</p> <p>As part of the <a href="/standards/standards-development/topic-standard-project-for-biodiversity/">revision of the GRI Biodiversity Standard</a><span> (GRI 304), CDP have confirmed they will participate in the process and – once the new Standard is published – use it to inform the CDP disclosure system. In addition, the Taskforce on Nature-related Financial Disclosures (TNFD) has confirmed that the revised GRI Standard, among other standards, will input to their work on a</span> new financial disclosure framework for nature-related risks, while GRI has accepted an invitation to join the TNFD Forum and become a TNFD Knowledge Hub partner.</p> <p><span>Today’s news follows the </span><a href="/about-gri/news-center/efrag-and-gri-to-co-construct-biodiversity-standard/">announcement last week</a><span> by GRI and the European Financial Reporting Advisory Group (EFRAG) that they have entered into a co-construction process to align a new EU biodiversity reporting standard with the GRI update.</span></p> <script data-cfasync="false" src="/cdn-cgi/scripts/5c5dd728/cloudflare-static/email-decode.min.js"></script></body> </html> </div> <div class="content__quote"> <p>The warning sirens for biodiversity are getting louder, as emphasized by widespread concerns over environmental degradation and habitat loss. That is why we have prioritized the review of GRI 304, to increase accountability by organizations on these crucial issues by delivering effective and comprehensive reporting on biodiversity impacts. It is highly significant that GRI will collaborate with both CDP and TNFD, in addition to our co-construction work with EFRAG. I’m confident that we can deliver credible and multi-stakeholder accepted disclosures – which form the basis of the GRI Standards – leading to improved transparency in support of global efforts to safeguard biodiversity.”</p> <span>Judy Kuszewski, Chair of the GRI Global Sustainability Standards Board (GSSB)</span> </div> <div class="content__quote"> <p>The Glasgow Climate Pact, forged at COP26, explicitly recognizes the importance of the integrity of all ecosystems and the protection of biodiversity in achieving the goals of the Paris Agreement. Given the urgency of the environmental crises, companies and financial institutions need to measure and disclose their impacts. Disclosure through CDP allows corporations, investors and cities to communicate their nature-related risks and the actions they are taking to reduce their impacts on biodiversity. This collaboration with GRI allows CDP to build upon our decade-long work on water and forests, helping to ensure that corporations, capital market actors and cities are equipped to support the goals of the Convention on Biological Diversity. CDP looks forward to working in partnership with GRI to enable corporate reporting across a broader spectrum of biodiversity issues through CDP’s disclosure platform.”</p> <span>Paul Simpson, Chief Executive Officer of CDP</span> </div> <div class="content__text"> <!DOCTYPE html> <html> <head> </head> <body> <p>In June, GRI <a href="/about-gri/news-center/biodiversity-crisis-emphasizes-need-for-corporate-transparency/">brought together a group of funders</a> who are supporting the review of <em>GRI 304: Biodiversity 2016, </em>comprising of KPMG, Ambipar, One Earth and a private donation. A multi-stakeholder <a href="/media/lilnqvq4/gri-topic-standard-project-for-biodiversity_members-for-the-technical-committee_november-2021.pdf">Technical Committee</a> has been appointed by the GSSB to lead the development process. Following a global consultation, the final Standard is expected by the end of 2022.</p> <p>The <a href="/standards/standards-development/topic-standard-project-for-biodiversity/">project to review GRI 304</a> will incorporate the latest developments and authoritative intergovernmental instruments in the field of biodiversity, ensuring multi-stakeholder consensus and internationally agreed best practice for disclosure on how any organization manages their biodiversity impacts. GRI 304 is used annually by at least 2,000 organizations, out of the more than 10,000 companies reporting with the GRI Standards.</p> <p><a href="https://assets.kpmg/content/dam/kpmg/xx/pdf/2020/11/the-time-has-come.pdf">Research by KPMG</a> in 2020 found less than 25% of large companies at risk from biodiversity loss disclose on the topic. A 2021 <a href="https://futureofsustainabledata.com/wp-content/uploads/2021/10/FoSDA-Data-Council-ESG-Data-Gaps-Holes-1.pdf">report by the Future of Sustainable Data Alliance</a> identified an ‘ESG data hole’ that exists in corporate reporting on biodiversity.</p> <p><a href="https://www.cdp.net/en">CDP</a> is a not-for-profit charity that runs a global disclosure system for companies, investors, cities states and regions. CDP’s three reporting questionnaires focus on climate change, forests and water security. As part of CDP’s new five-year strategy, it will expand its definition of the “E” in Environmental, Social and Governance (ESG), to cover planetary boundaries, including biodiversity alongside oceans, land use, food production and waste. CDP is working to mainstream biodiversity awareness and action in business and at all levels of policymaking.</p> <p>Launched in June 2021, the <a href="https://tnfd.global/">Taskforce for Nature-Related Financial Disclosures</a> seeks to develop a risk management and disclosure framework for organizations to report and act on evolving nature-related risks, to support a shift in global financial flows away from nature-negative outcomes and toward nature-positive outcomes.</p> </body> </html> </div> </div> </div> <footer class="footer"> <div class="container"> <div class="row"> <div class="col col-12 col-md-2"> <div class="footer__icon"></div> </div> <div class="col col-12 col-md-6"> <ul class="footer__nav"> <li class="footer__nav-item"> <a href="/standards/">Standards</a> </li> <li class="footer__nav-item"> <a href="/how-to-use-the-gri-standards/">How to use the Standards</a> </li> <li class="footer__nav-item"> <a href="/reporting-support/">Reporter support</a> </li> <li class="footer__nav-item"> <a href="/news/news-center/">News</a> </li> <li class="footer__nav-item"> <a href="/news/events/">Events</a> </li> <li class="footer__nav-item"> <a href="/about-gri/">About GRI</a> </li> <li class="footer__nav-item"> <a href="/about-gri/work-at-gri/">Work at GRI</a> </li> <li class="footer__nav-item"> <a href="/about-gri/contact-us/">Contact us</a> </li> <li class="footer__nav-item"> <a href="/get-support/" target="_blank">Get support</a> </li> </ul> </div> <div class="col col-12 col-md-4"> <div class="footer__other"> <p></p> <a href="https://share-eu1.hsforms.com/19K0nF9ZgRwOgupIlCJAg8w2een44" class="btn btn--secondary m-b-md"> Sign up for GRI News <i class="fas fa-arrow-right"></i> </a> <p>Follow GRI on social</p> <div class="icon-social__container"> <a href="https://www.linkedin.com/company/global-reporting-initiative-gri" target="_blank"><i class="icon-social icon-social--linkedin"></i></a> <a href="https://medium.com/@GlobalReportingInitiative" target="_blank"><i class="icon-social icon-social--medium"></i></a> <a href="https://www.youtube.com/channel/UC0ETfBwgtVLYc8SHWaYjczg" target="_blank"><i class="icon-social icon-social--youtube"></i></a> </div> </div> </div> <div class="col col-12"> <div class="row footer__copy"> <div class="col col-md-2"></div> <div class="col col-12 col-md-10"> <span> <a href="/privacy-policy/" target="">Privacy policy</a> | <a href="/copyright/">Copyright</a> </span> <hr /> <span>©2024 Global Reporting Initiative, all rights reserved</span> </div> </div> </div> </div> </div> </footer> </div> <script src="/Scripts/jquery.validate.min.js" type="text/javascript"></script> <script src="/Scripts/jquery.validate.unobtrusive.min.js" type="text/javascript"></script> <script src="/Scripts/jquery.unobtrusive-ajax.js" type="text/javascript"></script> <script src="/js/jquery-validation-extensions.js" type="text/javascript"></script> <script src="/Client Scripts/mvcfoolproof.unobtrusive.min.js"></script> <script id="Cookiebot" src="https://consent.cookiebot.com/uc.js" data-cbid="367aa731-3c34-4c66-bb0b-e0ab08f1a566" data-blockingmode="auto" type="text/javascript"></script> <script src="/js/index.js?v=2.0.3" type="text/javascript"></script> <script> $(document).ready(function () { $('body').on('click', '.table__btn', function () { $('.modal').removeClass('modal--center'); var url = '/umbraco/Surface/ResourceCentre/PopupResource?id=' + $(this).attr('data-value'); $('.inner__modal').load(url); }); $('body').on('click', '.videopopup', function () { $('.modal').addClass('modal--center'); var url = '/umbraco/Surface/ResourceCentre/PopupResource?id=' + $(this).attr('data-value'); $('.inner__modal').load(url); }); }); var submit = 0; function CheckIsRepeat() { if (++submit > 1) { //alert('An attempt was made to submit this form more than once; this extra attempt will be ignored.'); return false; } } </script> <script src="/js/downloadusers.js" type="text/javascript"></script> <!-- Twitter universal website tag code --> <script> !function (e, t, n, s, u, a) { e.twq || (s = e.twq = function () { s.exe ? s.exe.apply(s, arguments) : s.queue.push(arguments); }, s.version = '1.1', s.queue = [], u = t.createElement(n), u.async = !0, u.src = '//static.ads-twitter.com/uwt.js', a = t.getElementsByTagName(n)[0], a.parentNode.insertBefore(u, a)) }(window, document, 'script'); // Insert Twitter Pixel ID and Standard Event data below twq('init', 'o0bow'); twq('track', 'PageView'); </script> <!-- End Twitter universal website tag code --> </body> </html>