Nature Related Risks Are a Fundamental to Financial Stability

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Climate change is one of the five drivers of nature loss. In order to address a climate risk em we need to address nature loss and bardiversty lost now. We see a lot of interest from regulators in the t and f d, which is a voluntary market lead initiative. So i think there are these erm the science showing, and indeed, market participantse seeing direct material, physical risks.

The rapid decline of the world's biodiversity poses big financial risks to businesses and the global economy. One of the organizations working to help companies assess, report and act on these risks is the Taskforce on Nature-related Financial Disclosures, or TNFD.

The TNFD has been busy since forming in 2021 — releasing beta disclosure frameworks and launching pilot projects to test out these frameworks. In this episode of the ESG Insider podcast, we speak with one of the experts deeply involved in crafting the frameworks, Emily McKenzie, who is Technical Director of the TNFD Secretariat.

"We're trying to create a framework that's global, aligned with the global sustainability reporting baseline, but also flexible to be applicable in jurisdictions that may be more ambitious than that," Emily tells us.

Listen to our episode featuring an interview with TNFD co-chair Elizabeth Mrema here: https://soundcloud.com/esginsider/the-new-task-force-in-town

We'd love to hear from you. To give us feedback on this episode or share ideas for future episodes, please contact hosts Lindsey Hall (lindsey.hall@spglobal.com) and Esther Whieldon (esther.whieldon@spglobal.com).

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