TNFD and GRI jointly publish interoperability mapping resource

A new interoperability mapping resource has been published that gives a detailed overview of alignment between the Taskforce on Nature-related Financial Disclosures (TNFD) Disclosure Recommendations and metrics and the Global Reporting Initiative (GRI) Standards.

Over the past two years, the TNFD and GRI have worked closely together to support the development of each other’s guidance. The TNFD and GRI have developed a guidance document and correspondence table to help GRI’s 14,000 reporters globally align with the TNFD Recommendations, and assist TNFD Adopters in their sustainability reporting according to GRI Standards.

The two organisations said the mapping underscores the high level of alignment achieved between the TNFD Recommendations and metrics and the GRI Standards reporting requirements and datapoints, 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 Biodiversity and Ecosystem Services.

They also noted the reference and incorporation of GRI’s materiality approach focusing on impacts in the TNFD Recommendations and guidance, following the TNFD’s flexible approach to materiality, adding that the TNFD LEAP approach has been designed to help organisations report in line with both impact and financial materiality.

All 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.

Bastian Buck, chief standards officer at GRI, said: “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 organisations can transparently and accountably disclose their impacts.”

Tony Goldner, executive director of the TNFD, added: “The release of this 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.”