Early adopters of GRI Biodiversity Standard offer practical guidance
Five companies reflect on their reporting journey with GRI 101 towards transparency for their impacts on nature
Photo credit: GRI
As the urgency for action to halt biodiversity loss gains increasing prominence, GRI is working closely with global companies to support them to address their impacts on nature.
To further facilitate adoption of GRI 101: Biodiversity 2024 – set to take effect for reporting on 1 January 2026 – five companies that participated in the GRI Community Biodiversity Pilot have shared their experiences as pioneers in reporting with the new Standard, through a series of case studies.
These examples explore initial approaches to implementing the GRI Biodiversity Standard and highlight the key insights, benefits and challenges encountered by companies during the process. The five case studies are:
- CDL (Singapore): Integrating new approaches to biodiversity reporting
- Coca Cola HBC (Switzerland): Integrating SBTN into GRI reporting
- Ecopetrol (Colombia): Setting the stage for new biodiversity frameworks with GRI 304
- Enel (Italy): An integrative approach to biodiversity impact reporting with GRI, SBTN and TNFD
- JSW Steel (India): Measuring and reporting biodiversity impacts: a journey towards “No Net Loss”
The Biodiversity Pilot brought together 14 multinational businesses from diverse sectors that are part of the GRI Community – a global network of organizations jointly advancing sustainability reporting.
Two versions of the pilot – at the global level and a Latin American edition – took place, providing a platform for organizations to collaborate, learn and exchange ideas and experiences on biodiversity reporting with GRI 101. Through a practical approach, the companies analyzed how the Standard can be used for materiality assessment; to set and monitor biodiversity targets actions; and understand its synergies with the TNFD Disclosure Recommendations.
GRI 101 sets a new global benchmark on biodiversity reporting and supports companies to streamline their disclosure practices. As these five pioneer organizations describe in the case studies, this Standard is key to advancing corporate transparency and promoting sustainable business practices that address impacts on nature.
Elodie Chêne, Senior Manager GRI Standards
The GRI Community provides valuable knowledge-sharing opportunities, as has been the case for the participants in the Biodiversity Pilot. With a hands-on approach, this initiative enabled the companies to explore the use of GRI 101, learn from each other’s experiences and lead the way for reporting on biodiversity impacts
Alondra Palomino, Senior Manager GRI Community
As organizations around the world increasingly start to use the new Biodiversity Standard for reporting, GRI remains focused on supporting them in their journey toward transparency. Explore GRI’s wide range of services to help organizations meet their reporting requirements.