The Rise of Biodiversity in the Financial Sector

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The global biodiversity framework negotiations in Montreal last year was a real sort of tipping point to use the science language. We're not going to get to net zero if nature's not absolutely at the core of the solution set, Tony says. The big issue is around metrics that can be assured by third party assurance providers, he adds. And there's been a bit of misperception that there are no nature-related data to use and in fact we did a gap analysis in March 2013.

Biodiversity and nature are gaining attention from companies, investors and governments. At the same time, many stakeholders are in the early stages of measuring and understanding nature-related risks.

In this episode of ESG Insider, we sit down at the GreenFin conference with Tony Goldner, Executive Director of the Taskforce on Nature-related Financial Disclosures (TNFD). He explains how TNFD’s soon-to-be-finalized set of disclosure recommendations could help companies understand their nature-related risks and increase investment in nature-related climate solutions.

"These two things are inextricably linked, and the solutions to one will enable solutions to the other," Tony tells us. "The science is increasingly clear: We're not going to get to net-zero if nature is not absolutely at the core of the solution set."

Read research from S&P Global Sustainable1 on nature-related risks and dependencies here: https://www.spglobal.com/esg/insights/featured/special-editorial/how-the-world-s-largest-companies-depend-on-nature-and-biodiversity

Listen to the episode of the ESG Insider podcast where we cover the U.N.’s COP 15 biodiversity, which resulted in a landmark agreement for nature known as the Global Biodiversity Framework: https://www.spglobal.com/esg/podcasts/on-the-ground-at-cop15-how-business-is-getting-to-grips-with-biodiversity

Read the S&P Global Sustainability Quarterly here: https://www.spglobal.com/esg/insights/featured/sustainability-journal/second-quarter-2023-edition-solving-sustainability-challenges

Photo source: Getty Images

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