GRI and TNFD Partner for Simplified Nature Reporting

Key Takeaways

• GRI and TNFD partner to make it simpler for companies to report on how they affect nature.

• Businesses can use both GRI and TNFD guidelines without extra work.

• The two groups use the same terms and numbers, which makes the data more helpful.

• The new guide helps companies save time and money on reporting.

GRI and TNFD have introduced a new tool to help companies report their impact on nature. This guide explains how the two frameworks work together, making it easier for businesses to use both.

For the past two years, GRI and TNFD have worked together to align their guidelines. They use similar terms and definitions, including those from the Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services (IPBES). Both organisations agree on the need to understand a company's impact on nature when deciding what to report.

Read more: EU and ISSB reporting standards: key features, differences, and interoperability

The new guide indicates that much of the information required for TNFD reports is already included in GRI reports. This means companies using GRI standards will have minimal extra work to fulfill TNFD requirements.

Bastian Buck, GRI Chief Standards Officer, explained: "The ongoing collaboration of GRI with the TNFD has resulted in this detailed mapping tool, supporting thousands of organizations worldwide that already report their biodiversity impacts using the GRI Standards.

"This resource enables them to seamlessly integrate the TNFD recommendations, allowing for simplified, single-source reporting. GRI and the TNFD will continue to cooperate to prevent the need for double reporting and ensure organizations can transparently and accountably disclose their impacts."

Esther An, CDL Chief Sustainability Officer, said: "Nature risks are business risks that should be measured and disclosed in a more robust manner. Having adopted the GRI 304: Biodiversity (2016) since 2017 and as the first Singapore company to publish disclosures aligned with the TNFD Recommendations in 2024, CDL understands the importance of measuring and managing our nature-related dependencies, impacts, risks and opportunities for long-term resilience.

"As we look towards adopting the new GRI 101: Biodiversity 2024 in our upcoming sustainability reports, we welcome the interoperability between TNFD and GRI to harmonize the global sustainability reporting landscape."

Tony Goldner, TNFD Executive Director, commented: "The release of today’s mapping from GRI and the TNFD will further support market participants needing, or wanting, to report on their nature-related dependencies and impacts leveraging GRI Standards and metrics and in line with the TNFD Recommendations. We look forward to continuing to work with GRI to provide clear, practical support to market participants in their internal assessment and external reporting needs."

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Source: GRI