Listen to TNFD’s Executive Director Tony Goldner and TNFD’s Technical Director Emily McKenzie.
In what ways does business interact with nature? What can businesses do about the biodiversity crisis, the loss of wildlife populations or species facing extinction?
In September, the Task Force on Nature related Financial Disclosures (TNFD) came up with at least some of the answers, with its recommendations providing the tools and methodologies needed by companies and investors to develop a sustainable relationship with nature.
In this conversation, you’ll hear more about:
“The cash flows of business depend on the flows of benefits that we get from nature into our business models and into our society. In science, these are called ecosystem services, and every business relies on them, either directly or indirectly through its supply chain relationships. And unfortunately, investors expect cash flows to have a nice, steady, incremental growth year on year. But planetary science is now telling us that the decay of our natural systems is leading us to a risk where our ecosystem services from nature into business are in decline. So we have a fundamental challenge of rebalancing and reframing the business and societal relationship with nature on which we depend.”
There's very little pressure being applied to companies by investors looking at how they're actually behaving and treating human rights as a core business priority. This needs to change.
Investors shouldn't just take companies' word for what they're doing; they should investigate what the companies are actually doing regarding human rights.
Germany's NewClimate Institute has produced the Corporate Climate Responsibility Monitor report, evaluating the transparency and integrity of climate pledges of 51 major companies across different sectors and geographies.
