GRI and TNFD advance nature reporting through practical guidance
Published date: 30 June 2025
Seven companies reflect on their experiences assessing nature-related impacts, risks and opportunities with GRI and TNFD
As a further step in their collaboration, GRI and the Taskforce on Nature-related Financial Disclosures (TNFD) have launched a new set of case studies that highlight how companies are assessing and disclosing nature-related dependencies, impacts, risks, and opportunities – and how these dimensions are interconnected.
Offering concrete examples of how understanding impacts and dependencies on nature can help organizations identify material risks and opportunities, these case studies showcase the experiences of seven publicly listed enterprises operating across diverse sectors and geographies: CDL, Ecopetrol, Enel, Iberdrola, JSW Steel, Reckitt, and Vale. They also demonstrate how GRI’s impact materiality approach and TNFD’s LEAP approach can be used in a complementary way to enhance these insights.
These case studies are a valuable resource to help organizations disclose their impacts on nature in a transparent, consistent, and comparable way. By demonstrating the application of GRI’s impact materiality approach alongside the TNFD’s LEAP, they highlight how interoperability between disclosure standards and frameworks helps advance nature-related reporting.
Élodie Chêne, Biodiversity Standard LeadThe case studies demonstrate that nature-related risks and opportunities arise from companies’ impacts and dependencies on nature, both of which can lead to financial risks. While companies are making progress in evaluating these risks and opportunities, most report that the methods for such assessments are less developed than those used to analyze dependencies and impacts.
TNFD and GRI work closely together to support the development of each other's guidance and ensure a high level of alignment, with resources such as the GRI-TNFD Interoperability Mapping Tool which provides guidance 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.
Aligned with these efforts, the GRI Academy – the world’s number one training provider for sustainability reporting – has recently launched a new course ‘GRI-TNFD Interoperability: A Guide for Nature-Related Reporting’ to support organizations to streamline, enhance and align biodiversity disclosures in line with stakeholder expectations.