A #McKinsey report in 2022 found that only 5% of Fortune Global 500 companies have targets to address #biodiversity loss, compared to 83% for climate change. This highlights a significant disparity in corporate attention between the two issues.
Guy Michael Williams, a member of the Taskforce on Nature-related Financial Disclosures (TNFD), emphasizes the importance of companies asking four critical questions to address the nature challenge: What was nature like before, what is it like currently, what do we want it to be like in the future, and who can help us achieve this?
The recent release of TNFD’s recommendations underscores the need to use existing tools and knowledge sources to integrate nature into financial decision-making. While innovation is crucial, it’s already possible to incorporate nature considerations into financial strategies and decisions.
Innovation is vital, however, it is already possible to use existing resources to integrate nature into financial decision-making.
Source: Reuters
