Biodiversity in sustainability reporting and forest-related indicators

Alongside greenhouse gas emissions and resource management, biodiversity is an important component of sustainability reporting.

The improvement of methods and indicators has contributed to the growing role of biodiversity in reporting, as frameworks become more accurate and credible. In the forest realm, Forest Europe’s ten forest-related biodiversity indicators provide one framework for approximating biodiversity levels.

As part of the Horizon Europe CircHive project, Diana Tuomasjukka, EFI, works on advancing biodiversity measurement and indicators. In a recent interview, she explains how biodiversity is assessed, how indicators are chosen, and how monitoring approaches vary across contexts.

Growing demand from markets and regulation

Demand from both the market and public regulatory frameworks has also contributed to the growing attention on biodiversity. While the voluntary adoption of reporting is encouraged on the private side by programmes such as the Global Reporting Initiative, policies also provide regulated reporting standards. For example, the Corporate Sustainability Reporting Directive (CSRD) and Regulation on Sustainable Finance (Taxonomy) regulate reporting in the EU.

Biodiversity reporting by companies is shaped by the developing methods available and demand from both the public and private sectors. However, what approach a company or organisation adopts is also dependent on their strategy and goals.

BEEHive is a platform for exchanging experiences with these approaches and the latest thinking, research, and advances on biodiversity. A product of the CircHive project, BEEHive is a new online community supporting nature-positive and sustainable business and brings together companies, researchers, and policymakers to develop the role of biodiversity in four sectoral hubs: Biomaterials, Food & Retail, Finance, and Green Cities.

After its launch last month, BEEHive is up and running. It is free to join and open to any organisation or individual interested in learning how to measure and manage their impacts on nature.  

Learn more and join a hub: circhive.eu/beehive

Watch an interview with Luke Senior Scientist Erika Winquist, who explains why biodiversity matters for the circular bioeconomy, and introduces the core components of the CircHive project.

Watch an interview with EFI Senior Researcher Mohammad Naji, who offers a perspective on integrating life cycle assessment with NCA to capture biodiversity impacts better.