The Global Reporting Initiative Biodiversity Standard was developed by the Global Reporting Initiative (GRI).
The aim is to understand the impacts as nature faces extreme pressures, with over one million plant and animal species being pushed towards extinction.
The new standards are aimed at enabling companies to meet the growing demands sought by multiple stakeholders for information on biodiversity impacts.
It demands disclosures on direct drivers of biodiversity loss, such as land use, pollution, invasive species and climate change.