Nature-related disclosures

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Disclosures made by organisations about their exposure to natural hazards.

This is one example of initiatives by policymakers and regulators as part of a broader action plan to pay more attention to environmental risks. The planned scope of disclosures will cover both nature risks and business opportunities.

Financial services firms will need to take steps to embed these risk considerations into their strategies, operations and risk management processes. Even before details of the new disclosures are known, there are actions firms can take now alongside or as part of their work on climate risk that would give them a head start on nature-related risk measurement and management.

Guidelines are being drafted by the Taskforce on Nature-Related Financial Disclosures, which is is an international initiative that builds on a model developed by the Taskforce on Climate-Related Financial Disclosures (TCFD). Its mission is to provide a framework for how organizations can address environmental risks and opportunities with the ultimate goal of channeling capital flows into positive action.

See: TNFD.

Links

Taskforce on Nature-related Financial Disclosures website