Strengthened collaboration between GRI and TNFD

12 April 2024

Responding to feedback from both TNFD Forum member organisations and GRI Community members (as well as other organisations using or considering GRI standards and disclosures aligned to the TNFD Recommendations), the TNFD and GRI plan for further implementation and capability building support.

Plans for new resources on nature-related corporate reporting

The Global Reporting Initiative (GRI) and the Taskforce on Nature-related Financial Disclosures (TNFD) are deepening their collaboration to support the corporate reporting needs of market participants globally.  

Over the past two years, TNFD and GRI have worked closely to support the development of each other's respective recommendations, standards and guidance, notably GRI input into the TNFD Recommendations published in September 2023; and TNFD input into the recently published GRI 101: Biodiversity 2024 standard, which was updated to align with the TNFD Recommendations.  

Responding to feedback from both TNFD Forum member organisations and GRI Community members (as well as other organisations using or considering GRI standards and disclosures aligned to the TNFD Recommendations), the TNFD and GRI have announced plans for further implementation and capability building support: 

• A TNFD-GRI interoperability mapping document will be published in Q2 2024, providing a detailed overview of alignment between the TNFD disclosure recommendations and metrics and the GRI Standards, including GRI 101: Biodiversity 2024. 
• Illustrative joint case studies and guidelines on the links between nature related dependencies, impacts, risks and opportunities. This will support the use of the TNFD’s LEAP assessment, which already incorporates the approaches to materiality guidance from GRI (for impact) and the IFRS (for risks and opportunities).  

Both organisations also underscored their ongoing commitment to drive towards further alignment and interoperability through collaboration with other standards organisations and interested regulatory authorities, as the global sustainability reporting landscape on nature-related issues continues to advance. 

 

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