? What does the TNFD mean for the private sector? ?? The Taskforce on Nature-related Financial Disclosures (TNFD) unveiled its final recommendations to improve nature-related disclosure in September. The TNFD recommendations aim to mitigate the industrial impact on nature by: ?? encouraging comprehensive reporting on businesses’ environmental footprint? ?? properly integrating nature-related considerations in company strategies ?? How will these recommendations affect businesses, and what implications will they have? ? We can expect that pioneering companies will soon begin to announce their intentions to start reporting in line with the framework. ?? The TNFD framework allows companies to measure and reduce nature-related risks and businesses’ footprint in a way that involves nature, climate, and communities.? ?? This should result in more companies being able to comprehensively assess their risks, dependencies and impacts on nature.? ?? How will TNFD mobilise nature finance? ?? If banks and financial institutions collaborate and synchronise their strategies and portfolios with nature-restoration efforts, this will incentivise businesses to integrate nature into their decision-making. ?? This should also enable more money to flow towards nature-positive investments. Click here to read more about what the TNFD means for the private sector ?? https://lnkd.in/ezhTttMA #NatureLoss #TNFD #NatureDisclosure #NatureRisk
Many thanks for these insights Vian Sharif. Very useful.
Great summary, thanks for sharing.
Good insights ??
Co-Founder @ The Cheeky Panda | Bamboo Hygiene Products | 20m units sold
1 年I am a big fan of understanding the real cost Vs cost today but it's so new I think people just don't get it.