GRI publishes update to its biodiversity standard
Jan 25, 2024
On January 25, 2024, the Global Reporting Initiative (GRI) published ‘GRI 101: Biodiversity 2024’ which replaces ‘GRI 304: Biodiversity 2016’. The updated standard, effective from January 1, 2026, aims to assist entities in disclosing their significant impacts on biodiversity.
The revised GRI biodiversity standard delivers:
- full transparency throughout the supply chain;
- location-specific reporting on impacts;
- new disclosures on the direct drivers of biodiversity loss; and
- requirements for reporting impacts on society.
It builds on the most important global biodiversity developments, such as the UN Kunming-Montreal Global Biodiversity Framework (GBF), the Science Based Target Network (SBTN) and the Taskforce on Nature-related Financial Disclosures (TNFD).
The GRI cooperated and liaised with the European Financial Reporting Advisory Group (EFRAG), which developed European Sustainability Reporting Standard (ESRS) 4 Biodiversity and ecosystems, and other key organizations in the biodiversity field to support global alignment of the revised standard.
Access the press release on GRI’s website.