Global Standard Puts Corporate Biodiversity Accounting on Par With Climate Reporting
Companies worldwide now have their first international standard for measuring and managing biodiversity impacts. The ISO 17298 framework could revolutionize corporate sustainability reporting by treating nature as capital rather than compliance obligation.
New Global Standard Transforms Corporate Nature Accounting
In what analysts suggest could become a watershed moment for corporate sustainability, the International Organization for Standardization has launched the first global framework for biodiversity accounting. According to reports, ISO 17298 establishes comprehensive guidelines for how organizations measure, manage and report their relationship with nature, potentially creating the same transformative effect for biodiversity that the Paris Agreement achieved for climate accountability.