Outrage + Optimism: The Climate Podcast 271. Getting Nature on the Balance Sheet
Nov 12, 2024
Tony Goldner, Executive Director of the Taskforce on Nature-related Financial Disclosures, sheds light on the recent Biodiversity COP in Colombia. He emphasizes the urgent need for businesses to integrate nature into their risk assessments, discussing how corporate resilience relies on the health of ecosystems. As mandatory nature disclosures gain traction, Tony highlights the role of investors in demanding accountability. He also stresses the importance of actionable sustainability strategies and the invaluable contributions of Indigenous leaders in climate initiatives.
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TNFD's Purpose
- The Taskforce on Nature-related Financial Disclosures (TNFD) aims to integrate nature into company balance sheets.
- It's modeled after the Task Force on Climate-related Financial Disclosures (TCFD) and supported by the G20.
Nature-Related Risks
- Businesses cannot denature their portfolios, highlighting nature's crucial role.
- Boards must recognize their responsibility to address nature-related risks, similar to cybersecurity.
Semiconductor Water Dependency
- Semiconductor manufacturing depends heavily on water, as seen in Taiwan's low dam levels.
- This illustrates how nature-related disruptions can impact seemingly unrelated industries.