GRI and TNFD release interoperability mapping resource
GRI and TNFD release interoperability mapping resource
The Global Reporting Initiative (GRI) and the Taskforce on Nature-related Financial Disclosures (TNFD) have released a guidance document and a mapping table showing where the TNFD recommendations and GRI standards are aligned. As mentioned in the press release, the document underlines a high degree of alignment between the two frameworks which is supported by the following:
- Both frameworks have consistent nature-related concepts and definitions
- Incorporation of GRI's impact-focused materiality concept in the TNFD recommendations and guidance
- All disclosures of GRI 101: Biodiversity 2024 are part of the TNFD recommendations
- All disclosures in the TNFD recommendations are reflected in GRI 101, except for those that exclusively cover nature-related risk and opportunity identification and assessment
- TNFD core global disclosure metrics and related metrics in the GRI standards have strong consistency
- The TNFD LEAP (locate - assess - evaluate - prepare) approach is referenced in GRI 101
- GRI 101 applies the TNFD definitions and criteria when considering an entity's location in or near ecologically sensitive areas