Taking steps towards biodiversity reporting standards: EFRAG and GRI to collaborate as co-constructors
With sustainability and particularly climate disclosures increasingly entering the mainstream of corporate reporting – if not yet fully realised in terms of implementation – biodiversity reporting standards may be the next area to watch. The European Financial Reporting Advisory Group (EFRAG) and GRI (Global Reporting Initiative) recently announced that they have joined forces on the technical work for their respective new biodiversity standards, both set for release during 2022. As mutual co-constructors they will join each other’s technical expert groups, share information, align work plans and adjust timelines as much as possible.
