Biodiversity Report Validation
Biodiversity reporting verification is a process by which an independent third-party organization reviews and verifies a company’s disclosures regarding biodiversity conservation and natural resource management. Verification includes ecological impact assessments, conservation measures, restoration actions, and performance data, aiming to ensure that the information disclosed by the company is truthful, complete, and meets relevant standards, and to enhance the credibility of the reports among investors, regulators, and the public.
Compliance and Benchmarking: Meet domestic and international policies and international framework requirements such as TNFD.
Enhance transparency: Increase investor, customer, and public trust in the company’s natural capital management.
Risk management: Identify ecological risks and reduce compliance and reputational risks for enterprises in land use and resource acquisition.
Sustainable development: Encouraging companies to incorporate biodiversity into their strategies and enhance their long-term value creation capabilities.
Brand and Responsibility: Showcase the company’s positive commitment to nature conservation and social responsibility.
Core Content
1. Scope of Application
- Companies that publish reports related to biodiversity or natural capital.
- Industries highly dependent on natural resources (energy, mining, agriculture, forestry, fisheries, infrastructure construction, etc.).
- Companies required to meet regulatory or supply chain biodiversity disclosure requirements.
- Companies with needs for green finance, sustainable investment, or international rating.
2. Verification Basis
International frameworks: TNFD (Nature-Related Financial Disclosure Framework), GRI 304 (Biodiversity Criteria), CDP Biodiversity Questionnaire
International organizations: IUCN Guidelines, OECD Natural Capital Principles
Audit standards: AA1000AS v3, ISAE 3000
3. Verification Content
Ecological impact data: Assessment of impacts on ecosystems such as land, water, forests, and wetlands.
Protection and restoration measures: habitat protection, species restoration, compensation and restoration actions
Governance and Strategy: The Integration of Biodiversity into Corporate Strategy and Governance Structure
Goals and Performance: The Scientific Rationale for Biodiversity Goals and Progress in Achieving Them
Stakeholder Engagement: Cooperation with government, community, NGOs, etc.
Verification Process
Scope Definition:
Clearly define and verify the boundaries, covered ecosystems, and species.
Document review:
The assessment report includes relevant policies, monitoring data, and research findings.
On-site verification:
Conduct sampling inspections of key areas and interview relevant stakeholders.
Gap Analysis:
Identify the gap between disclosure and actual action and propose improvement suggestions.
Issue a verification report:
Issue third-party verification statements or attestation opinions.
Verification Cycle
Disclosure of Single Projects by SMEs:
3–5 weeks
Complete biodiversity report for large enterprises:
6–8 weeks
Verification by multinational corporations or multiple ecosystems:
8–12 weeks
SUSTECH
SUSTECH is an innovative technology service company with artificial intelligence, big data, and blockchain at its core. We specialize in ESG (Environmental, Social, and Governance) testing, certification, and compliance management, helping companies achieve their sustainable development goals. Through digital and intelligent means, we are redefining the testing and certification industry, making ESG compliance more transparent, efficient, and credible.
Core Advantage: Technology-enabled ESG Compliance
Intelligent ESG Data Acquisition and Analysis
- IoT Environmental Monitoring: Real-time collection of data on enterprise carbon emissions, wastewater discharge, energy consumption, etc., and automatic generation of ESG reports.
- AI carbon footprint calculation: Based on supply chain data, it accurately calculates the carbon footprint of a product throughout its entire lifecycle, in accordance with international standards such as ISO 14064 and GHG Protocol.
ESG Certification and Rating Optimization
- Automated compliance checks: AI compares data against global ESG standards (such as GRI, SASB, TCFD) to identify ESG risks for enterprises and provide improvement suggestions.
- ESG Rating Enhancement Solution: Combining industry best practices, we develop actionable ESG optimization strategies to help companies improve their ESG ratings from MSCI, S&P, and other ranking bodies.
Blockchain-based Evidence Storage and Transparent Traceability
- Tamper-proof ESG reports: All test data is stored on the blockchain to ensure traceability and auditability, enhancing the trust of investors and regulators.
- Supply chain ESG penetration management: Tracking supplier ESG performance to ensure compliance with the requirements of major international manufacturers.
