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New GRI Biodiversity Standard :- It replaces the 2016 standard, GRI 304: Biodiversity. setting new transparency benchmarks globally. 🔍 https://lnkd.in/gfhfrmPQ GRI published a major update to its Biodiversity Standard. 📌 GRI 101: Biodiversity 2024 supports organizations around the world to comprehensively disclose their most significant impacts on biodiversity, throughout their operations and value chain. 📌 The revised GRI Standard builds on key global developments in the biodiversity field, 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 new GRI Biodiversity Standard arrives at a time when biodiversity is on a precipice:- As the latest IPBES assessment warns that biodiversity is declining in every region; 🔎 https://lnkd.in/gd3hNX7S & 50% of the global economy is under threat due to biodiversity loss (WEF analysis). ⚠ The KPMG Survey of Sustainability Reporting (October 2022) found that, while the GRI Standards are the most widely used for sustainability reporting across global regions, only 40% of the 5,800 companies assessed reported on biodiversity. Supporting GRI Biodiversity Standard makes me optimistic to shape the future that we want and nature needs. #GRI101 #sustainability #biodiversity #TNFD
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10moExciting news for sustainability reporting professionals! The new GRI Biodiversity Standard has been released, replacing the 2016 standard, GRI304: Biodiversity. This updated standard sets new transparency benchmarks globally. - The new GRI Biodiversity Standard provides a comprehensive framework for organizations to disclose their impacts on biodiversity. - It emphasizes the importance of assessing and managing biodiversity risks and opportunities. - The standard encourages companies to engage with stakeholders and disclose information on biodiversity conservation efforts. - By adopting this standard, organizations can enhance their credibility and demonstrate their commitment to biodiversity preservation. Thanks for sharing your valuable inputs Rajni Singh