Topic Standard Project for Biodiversity

Project Update

Launch of GRI 101: Biodiversity 2024

on 25 January 2024, a major revision to the GRI Biodiversity was published. GRI 101: Biodiversity 2024 updates, expands, and replaces GRI 304: Biodiversity 2016.

The Standard, aligned with the goals and targets of the Kunming-Montreal Global Biodiversity Framework, will help organizations to better understand which decisions and business practices lead to biodiversity loss, where in their value chain impacts occur, and how they can be managed.

The importance of this standard

The alarming decline in biodiversity in the last decades threatens to bring disastrous consequences to the environment and people, including triggering knock-on effects on climate change.

The United Nations Convention on Biological Diversity (CBD) adopted the 'post-2020 Global Biodiversity Framework' in 2022, which has defined collective commitments to reverse the loss of biodiversity for all relevant stakeholders, including government, companies, civil society, and investment institutions.

Both governments and companies are being called upon to demonstrate accountability in responding to the biodiversity crisis by conserving and sustainably using biodiversity. The revision of GRI 304: Biodiversity 2016 aims to reflect global best practice on biodiversity management to support companies in addressing their impacts.

Basis for conclusions

The Biodiversity Standard exposure draft was made available for public comment between 5 December 2022 and 28 February 2023. You can access 122 submissions from organizations and individuals here.

A re-exposure of the disclosure 304-7 Access and benefit-sharing for public comment took place between 26 July – 10 September 2023 and has now ended. The comments from 17 submissions from the re-exposure can be found here.

'Basis for conclusions for GRI 101: Biodiversity 2024' provides a summary of the public comments received. It also provides a summary of how the GSSB responded to these comments in the finalization of the Standard.

About this project 

The review of GRI 304: Biodiversity 2016 is a priority project for the GSSB. Since the GRI disclosures on biodiversity were last revised in 2006, the issue of biodiversity has received significant attention in the global sustainable development agenda.

This project aims to review GRI 304: Biodiversity 2016 to represent internationally agreed best practices and align with recent developments as well as relevant authoritative intergovernmental instruments in biodiversity.

The Standard will enable an organization to publicly disclose its most significant impacts on biodiversity and how it manages them. This disclosure enhances transparency on the organization's impacts and increases organizational accountability.

The GSSB appointed a multi-stakeholder Technical Committee in November 2021 to lead the revision of GRI 304: Biodiversity 2016. The project will follow the GSSB's Due Process Protocol, the implementation of which will be overseen by the Due Process Oversight Committee. Read the Project Proposal and the Terms of Reference for more information. 

Project overview

Q4 2021
Project commencement & formation of Technical Committee
Q4 2021 - Q3 2022
Development of exposure draft
Q4 2022
Public comment period
Q1 - Q2 2023
Consideration of public comment and revision
Q1 2024
Release of revised Standard

The position of the GRI Biodiversity Standard in the disclosure landscape

Previous updates

View all news and updates

Biodiversity Day 2022: The case for transparency and change

23 May 2022

Medium article by Harold Pauwels, Director of Standard

Read more

Collaboration to deliver enhanced reporting on biodiversity impacts

07 Dec 2021

CDP support the update of GRI’s Biodiversity Standard

Read more

EFRAG and GRI to co-construct biodiversity standard

01 Dec 2021

Project marks a next step in aligning global and European sustainability standards

Read more

Biodiversity crisis emphasizes need for corporate transparency

04 Jun 2021

KPMG, Ambipar and One Earth back GRI Biodiversity Standard

Read more

Related documents

GRI Topic Standard Project for Biodiversity–Exposure draft file 02 Dec 2022 English 1.1 MB
GRI Topic Standard: Biodiversity Exposure draft public comment questionnaire file 02 Dec 2022 English 181 KB
Biodiversity Technical Committee member biographies file 15 Nov 2021 English 522 KB
Biodiversity Technical Committee - terms of reference file 15 Nov 2021 English 337 KB
Topic Standard Project for Biodiversity - final project proposal file 01 Dec 2021 English 137 KB
GRI Topic Standards project for Biodiversity Public comment feedback file 26 Apr 2023 English 183 KB
GRI Topic Standard Project for Biodiversity - Re-exposure draft of Disclosure on Access and benefit-sharing file 24 Jul 2023 English 313 KB
GRI Topic Standard Project for Biodiversity Disclosure ABS Draft questionnaire file 24 Jul 2023 English 130 KB
GRI Topic Standards project for Biodiversity Re Exposure Disclosure 304 7 Access And Benefit Sharing Public Comment Feedback file 22 Sep 2023 English 72 KB
GRI 101: Biodiversity 2024 Frequently Asked Questions (FAQs) file 26 Jan 2024 English 227 KB

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