According to the new IFRS Sustainability Disclosure Standards: IFRS S1, paragraph 49, the Biodiversity Value could be used for disclosure purposes. In particular, paragraph 49 states that “if an entity discloses a metric taken from a source other than IFRS Sustainability Disclosure Standards, the entity shall identify the source and the metric taken.” It could also be disclosed in accordance with paragraph 50, which requires:
1. How the metric is defined;
2. Whether it is an absolute, relative or qualitative metric;
3. The third-party validator; and
4. The method and inputs used for the calculation.
This means that the Biodiversity Value can be used in alignment to and in accordance with these IFRS standards and contribute towards the objective of enabling “users of general purpose financial reports to understand an entity’s performance in relation to its sustainability-related risks and opportunities.” The Biodiversity Value also contributes to D16 of the standard in that it enhances the usefulness of sustainability-related financial information as it is comparable, verifiable, timely and understandable.
And now, Endangered Wildlife OU is excited to release the WHITE PAPER ON BIODIVERSITY IN FINANCIAL ANALYSIS FOR DECISION-MAKING. This critical publication follows the well accepted peer-reviewed White Paper on Biodiversity Valuation Methodology which was released in late 2021.
If you would like to receive a copy of this important White Paper or both White Papers, please simply click on this link:
