The Kunming-Montreal Global Biodiversity Framework, developed by the United Nations Convention on Biological Diversity (CBD), is a crucial plan aimed at addressing global biodiversity loss. A key objective of the framework is to achieve No Net Loss of biodiversity by 2030. The framework is crucial for businesses as it provides a roadmap for integrating biodiversity considerations into their operations. By aligning with the framework, businesses can mitigate biodiversity risks, contribute to conservation efforts, and enhance their sustainability practices. For more details click here.

Biodiversity-related disclosures or reporting standards refer to the requirements or guidelines for companies to disclose their impacts on biodiversity in their reporting. These standards provide a structured framework for companies to assess, measure, and report their biodiversity-related risks and opportunities. Examples of biodiversity-related reporting standards include the Global Reporting Initiative (GRI) Standards and the Task Force on Nature-related Financial Disclosures (TNFD). The GRI standard for biodiversity-related reporting is designed to help organizations assess and disclose their impacts on biodiversity. It provides guidelines for reporting on biodiversity-related risks, opportunities, and management practices, encouraging companies to consider their dependencies and impacts on biodiversity, including conservation efforts, ecosystem restoration initiatives, and engagement with local communities. 

BRSR (Business Responsibility and Sustainability Reporting) is a requirement introduced by the Securities and Exchange Board of India (SEBI) for Indian companies to report on their Environmental, Social, and Governance (ESG) performance. SEBI's BRSR requirement aims to enhance transparency and sustainability practices among Indian companies. Indian companies are entailed by BRSR as they need to disclose their efforts and performance related to biodiversity conservation and other sustainability aspects.

Biodiversity Management Plans (BMP) or Biodiversity Action Plans (BAP) are strategic documents that outline measures and actions to conserve and sustainably manage biodiversity at the organizational or project level. While BMPs or BAPs may not be mandatory for all Indian companies, they are required for certain activities that have a significant impact on biodiversity, such as large infrastructure projects. The specific requirements for BMPs or BAPs may vary depending on national or local regulations.