About GRI and the TNFD Since 2022, the Global Reporting Initiative (GRI) and the Taskforce on Nature-related Financial Disclosures (TNFD) have worked closely together to exchange in the development of the TNFD Recommendations and guidance, and the ongoing updates to the GRI Standards. [...] The TNFD-GRI interoperability mapping is the first deliverable, providing a detailed overview of alignment between the TNFD Disclosure Recommendations and metrics and the GRI Standards, including GRI 101: Biodiversity 2024 and relevant disclosures from the GRI Universal and Topic Standards. [...] It can help stakeholders identify which components of the GRI Standards contribute to meeting the TNFD Recommendations and metrics and enable GRI report preparers who intend to make disclosures aligned with the TNFD Recommendations to leverage their GRI reporting and report anything additional that is not covered by the GRI Standards, as identified in the table.1 The mapping highlights differences. [...] Key messages: alignment between the TNFD and GRI The mapping underscores the high level of alignment achieved between the TNFD Recommendations, metrics and guidance and the GRI Standards, including: • The use of consistent nature-related concepts and definitions, including the five direct drivers of nature and biodiversity loss, as defined by the Intergovernmental Science-Policy Platform on Biodiv. [...] • All of the disclosures in GRI 101: Biodiversity 2024 are reflected in the TNFD Recommendations; and all of the TNFD Recommendations are reflected in the GRI Standards, except those exclusively covering nature-related risk and opportunity identification and assessment.2 • There is also strong consistency between the TNFD core global disclosure metrics and the related metrics in the GRI Standards.
Authors
- Pages
- 15
- Published in
- United Kingdom
Table of Contents
- 1. About GRI and the TNFD .......................................................................................... p3 2
- 2. Objectives of the mapping and target audience ................................................... p4 2
- 3. Key messages alignment between the TNFD and GRI ....................................... p5 2
- 4. Key messages high-level differences between TNFD and GRI approaches .... p6 2
- 5. How to read the mapping ....................................................................................... p12 2
- 1. About GRI and the TNFD 3
- GRI 101 Biodiversity 2024 3
- GRI 101 Biodiversity 2024 3
- GRI 101 Biodiversity 2024 3
- 2. Objectives of the mapping and target audience 4
- GRI 101 Biodiversity 2024 4
- GRI 1 Foundation 2021 4
- GRI 2 General Disclosures 2021 4
- GRI 3 Material Topics 2021 4
- GRI 101 Biodiversity 2024 4
- GRI 301 Materials 2016 4
- GRI 303 Water and Effluents 2018 4
- GRI 305 Emissions 2016 4
- GRI 306 Effluents and Waste 2016 4
- GRI 306 Waste 2020 4
- GRI 415 Public Policy 2016 4
- GRI 14 Mining Sector 2024 GRI 12 Coal Sector 2022 GRI 14 Mining Sector 2024 GRI 101 GRI 12 Coal Sector 2022 GRI 304 Biodiversity 2016 GRI 101 4
- 3. Key messages alignment between the TNFD and GRI 5
- All of the disclosures in GRI 101 Biodiversity 2024 are reflected in the TNFD Recommendations all of the TNFD Recommendations are reflected in the GRI Standards 5
- TNFD LEAP approach is referenced in GRI 101 Biodiversity 2024 5
- GRI 101 Biodiversity 2024 6
- TNFD definitions and criteria ecologically sensitive areas 6
- 4. Key messages high-level differences between TNFD and GRI 6
- Table 1 High-level comparison of differences in TNFD and GRI reporting approaches 7
- Topic TNFD approach GRI approach Relevant TNFD GRI 7
- The GRI Standards focus on impacts not on dependencies risks and opportunities. They are not specific to nature-related impacts only but cover impacts on the economy environment and people. 7
- GRI 101 Biodiversity 2024 GRI 101 7
- GRI 1 Foundation 2021 GRI 3 Material Topics 2021 GRI 101 Biodiversity 2024 7
- Topic TNFD approach GRI approach Relevant TNFD GRI 8
- GRI 3 Material Topics 2021 8
- For the topic of biodiversity the disclosures in GRI 101 Biodiversity 2024 set the reporting expectations for the organization and its upstream and downstream value chain. 8
- GRI 101 Biodiversity 2024 GRI 101 8
- GRI 1 Foundation 2021 GRI 101 Biodiversity 2024 8
- Topic TNFD approach GRI approach Relevant TNFD GRI 9
- GRI 101 GRI 101 9
- GRI 101 Biodiversity 2024 9
- Topic TNFD approach GRI approach Relevant TNFD GRI 10
- GRI 101 10
- However Disclosure 2-29 Approach to stakeholder engagement in GRI 2 General Disclosures 2021 and disclosures in GRI 101 focus more generally 10
- Topic TNFD approach GRI approach Relevant TNFD GRI 11
- GRI 2 General Disclosures 2021 GRI 101 Biodiversity 2024 11
- 5. How to read the mapping 12
- Difference in semantics 12
- Difference in scope 12
- Difference in granularity 12
- Difference in units 12
- Difference in presentation 13
- Published July 2024 15
