ESG & Investing
Companies Get Renewed Pressure to Disclose Nature-Related Risks
- Voluntary approach faces spate of complex data challenges
- 85% of biggest companies are highly dependent on nature
The risks encompass issues ranging from deforestation and water stress to pollution and species loss.
Photographer: Ivan Valencia/BloombergThis article is for subscribers only.
Executives from companies, banks and asset managers published guidelines aimed at helping businesses disclose the risks they face from dwindling ecosystem resources, part of a broader global effort to get more funds devoted to halting and reversing nature loss.
The science-based recommendations, known as the Task Force for Nature-related Financial Disclosures (TNFD), have been refined over the past two years with input from executives at companies including BlackRock Inc., UBS Group AG and HSBC Holdings Plc. TNFD seeks to be the primary way for companies to measure and act on their nature-related dependencies and opportunities.