Article**: Oceans and Wetlands.
Oceanwetlands noted that on January 25, 2024, the Global Reporting Initiative (GRI), a global reporting advocacy group, released a major update to its Biodiversity Standard, marking a new step in the corporate response to the global biodiversity crisis.
At a time when human activities are the main driving force behind the brink of extinction for one million plant and animal species, GRI 101: Biodiversity 2024 sets a new benchmark for global accountability for biodiversity impacts, supporting global organizations to fully disclose their significant impacts on biodiversity across their operations and value chains.
The GRI Biodiversity Standards enable companies to meet the growing demand for information on biodiversity impacts from multiple stakeholders. The standard provides full transparency across the chain and is often the place where biodiversity impacts are most significant but often underestimated. The specific impacts were reported on the countries and jurisdictions, providing details on the locations of operations.
In addition, the GRI standard adds new disclosures on the direct drivers of biodiversity loss, covering land use, climate change, overexploitation, pollution and invasive species. Require reporting on impacts on society, including impacts on local communities and indigenous peoples, and how organizations are working with local groups to restore affected ecosystems.
The revision of the standard is based on key developments in the field of global biodiversity, such as the United Nations Kunming-Montreal Global Biodiversity Framework (GBF), the Science Benchmarks Network (SBTN) and the Task Force on Nature-related Financial Disclosures (TNFD). Biodiversity is under great threat, with the latest IPBES assessment warning of declining biodiversity everywhere; 50% of the global economy is threatened by biodiversity loss (according to WEF analysis).
The role of the GRI Biodiversity Standards in the area of information disclosure. **GRI official website.
The Kunming-Montreal Global Biodiversity Framework (GBF), which has been agreed by the international community, is encouraging action to conserve biodiversityTarget 15 requires businesses to disclose and reduce biodiversity-related risks and impacts。The release of the GRI 101: Biodiversity 2024 standard comes at an opportune time. It replaces the previous edition of GRI 304: Biodiversity 2016).
GRI 101 is now available for free**, but officially reportedWill beJanuary 1, 2026Entry into force。**See the "Original Link" section at the end of this article for the address.
Over the next two years, GRI will pilot the standard with early adopters, prioritizing GRI community members. The impacts of biodiversity loss extend far beyond the natural environment, threatening progress on the Sustainable Development Goals, having devastating impacts on people, and multiplying factors for the climate crisis. Understanding your organization's most important impacts is critical to understanding dependencies and risks. The update of the GRI standard sets a new standard for transparency of biodiversity impacts. It will support detailed, site-specific reporting, both in the organization's operations and in its chain, ensuring that stakeholders can assess how biodiversity impacts are being mitigated and reduced. Identifying and managing your organization's most important impacts is critical to understanding dependencies and risks.
The role of the GRI Biodiversity Standards on a global scale will be presented in two webinars, which can now be booked free of charge. Participants will hear from GRIs and GSSBs, as well as key stakeholders.
This revised standard was developed through a multi-stakeholder process of a technical committee appointed by the GSSB, including experts from business, civil society, investors, labour and mediation agencies. The development of the standard went through a public comment period in early 2023 and received responses from 122 organizations and individuals from around the world. To support global alignment with GRI 101, GRI collaborated and communicated with EFRAG, including the new EU Biodiversity Standard (ESRS 4), as well as the TNFD, SBTN and WBA Nature Benchmarks.
According to the October 2022 Kemasi Basic Accounting Sustainability Report SurveyAlthough the GRI standard is the most widely used standard for sustainability reporting globally, only 40% of the 5,800 companies assessed reported on biodiversity.
In a wetland in Finland, a small yellow flower is quietly blooming. Green Club Fusion Media · Oceanwetlands
Oceanwetlands, an independent non-profit organization that provides reporting frameworks and standards for reporting companies, found that the Global Reporting Initiative (GRI) is an independent, non-profit organization that provides reporting companies with a reporting framework and reporting standards. GRI focuses on developing and disseminating best practices on how global organizations can transparently communicate and demonstrate their environmental, economic and social impacts. By providing the world's most widely used sustainability reporting standard, covering topics ranging from biodiversity to taxation, waste to emissions, diversity and equity to health and safety, GRI supports transparency and dialogue between companies and their stakeholders.
It is available that the GRI's sustainability reporting framework has been adopted by multinational organizations, small and medium-sized enterprises (SMEs), non-governmental organizations (NGOs) and industry groups since the first draft was published in March 1999. More than 10,000 companies from more than 100 countries use GRI. According to the October 26, 2022 Kemasi Sustainability Report Survey, 78% of the top 250 companies in the world by revenue (G250) and 68% of the top 100 companies in 58 countries (N100) use the GRI standard for reporting. GRI is widely used in company surveys across all regions and is therefore considered to provide the most widely used sustainability reporting standard in the world.
Next |Two ** seminars
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