Council to coordinate debate on TNFD parameters, task force
global that aims to promote positive investments for biodiversity
The impact on nature brings a series of risks and
opportunities. Therefore, it is essential that financial institutions and companies
have the necessary information to understand how biodiversity
impacts the organization's performance and so that they can direct their
investments for initiatives that benefit nature.
It is with the aim of standardizing this assessment that the TNFD (task force
international on nature-related financial disclosures) chose
to lead its Consultation Group in Brazil, CEBDS (Business Council
Brazilian Center for Sustainable Development).
The TNFD is a global initiative that seeks to build parameters for
financial institutions and companies to assess the effects of their operations on
nature, and vice versa. These regional groups are being activated to
promote the development of parameters.
For TNFD, more accurate information will allow financial institutions
and companies incorporate nature-related risks and opportunities into their
strategic planning, risk management and asset allocation decisions.
After all, more than half of the world's economic output – US$44 trillion
generation of economic value – is moderately or highly dependent on
nature.
“For companies, it is very important to have a structure of
risk management and disclosure to report and minimize impacts
negative aspects related to nature. The ultimate goal of TNFD is to encourage a
change in global financial flows in favor of nature”, explains Henrique
Luz, technical manager of CEBDS.
The TNFD is a response to the growing need to consider the
biodiversity in financial and business decisions. The entity is
developing a framework for companies to assess, manage and
disclose their nature-related financial risks and opportunities.
Over the next two years, a framework will be developed so that
corporations and financial institutions report physical and transition risks
related to nature, which include immediate and material financial risks,
as well as dependencies and impacts of nature and organizational risks and
related social.
The topic is also relevant due to the proximity of COP 15, the Conference of
UN Biodiversity Conference to be held in December in Canada and will
approve the New Global Biodiversity Framework.
