GRI 101: Biodiversity 2024
Biodiversity, the breathtaking tapestry of life on Earth, isn’t just a pretty sight – it’s the very foundation of healthy ecosystems, our food security, and even our tourism industry. Yet, this diversity is facing unprecedented threats.
Why does biodiversity matter for sustainability?
Imagine a healthy forest teeming with insects, birds, and vibrant plant life. This intricate web maintains soil fertility, cleanses our air and water, and even protects us from natural disasters. But when species disappear, this delicate balance unravels, threatening the very resources we rely on.
The hospitality industry and its intimate connection.
Breathtaking landscapes, diverse wildlife, and vibrant ecosystems are often the very magnets that draw tourists. However, tourism development can also fragment habitats, pollute waterways, and disrupt natural cycles.
The Good news
The Global Reporting Initiative (GRI) – a globally recognized framework for sustainability reporting – recently announced an update to its disclosures on biodiversity. This decision pushes businesses to transparently report their impact on and dependence on biodiversity, paving the way for more responsible practices.
What’s happening:
- GRI 101: Biodiversity 2024, a comprehensive update on standard GRI 304: Biodiversity 2016, launched 25th January 2024.
- The standard aligns with the Kunming-Montreal Global Biodiversity Framework and helps organizations identify and manage biodiversity impacts.
- GRI is hosting webinars on January 31st and February 1st to discuss the standard and its significance.
Why it matters:
- Global biodiversity decline threatens the environment and people.
- The UN’s Global Biodiversity Framework calls for action from governments and companies.
- GRI 101 helps companies improve transparency and accountability for their biodiversity impacts.
Key Points
- The standard was developed through a public comment process in 2022-2023.
- Final approval is expected in Q1 2024.
- The standard allows organizations to disclose their significant biodiversity impacts and management strategies publicly.
- Overall, GRI 101 marks a significant step forward in corporate transparency and accountability on biodiversity issues.
What does this mean for the hospitality industry?
It is an opportunity to become proactive stewards of nature. Hotels can adopt sustainable practices like locally sourced food, water conservation, habitat restoration, and responsible visitor management. By minimizing their footprint and actively protecting biodiversity, hospitality businesses can ensure the long-term viability of their own success and our planet’s health.
Additional resources
Check out our podcast what can we do to control Biodiversity Loss with Danial Turner from ANIMONDIAL. Danial guides travel businesses, improves animal protection, and delivers meaningful change. For further insights, explore our blog on What else can you do to improve Biodiversity around you.
Remember, protecting biodiversity isn’t just about nature – it’s about securing our own future.
