GRI consults on revision to its biodiversity standard
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.