• 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.

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.“

Related Article: TNFD and EFRAG Release Correspondence Mapping to Align ESRS and Nature-Related Disclosures

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.