New Delhi, Feb. 5 -- An updated transparency standard to report a global response to the biodiversity crisis has been formed.

The Global Reporting Initiative Biodiversity Standard was developed by the Global Reporting Initiative (GRI), an international independent standards organisation that assists businesses, governments and other entities understand and report their impacts on issues related to climate change, human rights and corruption.

The document was designed by Global Sustainability Standards Board (GSSB), a group of consultants from representative organisations.

The new global benchmark for accountability has been issued to inform biodiversity impacts by organisations through their supply chain and operations. The aim is to u...