Loading ...Global miners, already under pressure to reduce carbon emission and report climate change-related risks, will now have cover a whole new spectrum of issues related to corporate environmental performance, with the launch today of the Taskforce on Nature-related Financial Disclosures, or TNFD.
The goal of the initiative is to deliver, in 2023, a framework for companies to measure, report, and eventually address threats to wildlife and ecosystems delivered from their businesses.
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According to risk consultancy Verisk Maplecroft, the imminent new set of definitions, benchmarks and indicators will unleash a wave of calls from the investment community for corporates to account for biodiversity risk, especially across assets such as mines, oil operations and pipelines.
“What’s more, if world leaders are able to secure a Paris-style worldwide biodiversity deal in China later this year, it would drive momentum for the introduction of hard regulations addressing biodiversity risk,” Verisk Maplecroft’s Will Nichols and Rory Clisby say in a report released Thursday
more https://www.mining.com/nature-related-financial-risk-opens-new-can-of-worms-for-miners/