GRI consults on revision to its biodiversity standard

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08 Dec, 2022

The Global Reporting Initiative (GRI) has published an exposure draft for its revised biodiversity standard 'GRI 304: Biodiversity'.

The exposure draft proposes changes that:

  • Reflect reporting throughout the supply chain, given many biodiversity impacts are found beyond the scope of a company’s own operations.
  • Help organisations prioritise attention on their most significant impacts, recognising the challenge of scale in addressing biodiversity impacts.
  • Add new disclosures to connect with the drivers of biodiversity loss, including climate change, pollution, and overexploitation of resources.
  • Introduce requirements for biodiversity-related human rights impacts, such as those on indigenous peoples, local communities and workers.
  • Emphasise location-specific data, to ensure businesses are transparent about the sites where their biodiversity impacts take place.

The exposure draft is open for public comment until 28 February 2023.

A press release and the full consultation are avilable on the GRI website.

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