The Global Reporting Initiative (GRI) and the Taskforce on Nature-related Financial Disclosures (TNFD) have released a joint interoperability mapping resource, aiming to make biodiversity reporting easier. Over the past two years, the TNFD and GRI have worked closely together to support the development of each other’s guidance – with GRI input into the TNFD recommendations published in September 2023, and TNFD input having informed the recently published GRI Biodiversity Standard. Responding to market feedback, the two entities have now developed a guidance document and correspondence table to help GRI’s 14,000 reporters globally align with the TNFD recommendations, and assist TNFD adopters in aligning their sustainability reporting to the GRI standards. “The ongoing collaboration of the GRI with the TNFD has resulted in this detailed mapping tool, supporting thousands of organisations worldwide that already report their biodiversity impacts using the GRI standards,” said Bastian Buck, Chief Standards Officer at the GRI. “This resource enables them to seamlessly integrate the TNFD recommendations, allowing for simplified, single-source reporting. The GRI and the TNFD will continue to cooperate to prevent the need for double reporting, and ensure organisations can transparently and accountably disclose their impacts.” The mapping underscored the high level of alignment achieved between the TNFD recommendations and metrics and the GRI standards reporting requirements and datapoints, including: use of consistent nature-related concepts and definitions; reference and incorporation of materiality approach focusing on impacts; strong consistency between TNFD core global disclosure metrics, and related metrics in the GRI standards; inclusion of nearly all GRI 101: Biodiversity 2024 disclosures in TNFD, and vice-versa – except those exclusively covering nature-related risk and opportunity identification and assessment.
