Nature-related risks take center stage with new task force
Firefighters spray water to extinguish a fire in the Pantanal wetlands region in Brazil.
A market-led initiative to help businesses assess emerging nature-related risks and opportunities launched Friday with backing from global money managers, banks and governments.
The Taskforce on Nature-related Financial Disclosures aims by 2023 to create a framework for use by organizations in reporting and acting on nature-related risks. The framework will help to support a shift in global financial flows toward nature-positive outcomes and give firms an overall picture of their nature-related risks.
The task force is led by co-chairmen David Craig, CEO of Refinitiv and group leader of London Stock Exchange group s data and analytics division, and Elizabeth Maruma Mrema, executive secretary of the United Nations Convention on Biological Diversity.
By Susanna Rust2021-06-04T15:36:00+01:00
The launch of a market-led Taskforce on Nature-related Financial Disclosures (TNFD) was announced today.
The stated proposed goal of the TNFD is to provide a framework for non-financial corporates and financial institutions to “report and act on evolving nature-related risks, in order to support a shift in global financial flows away from nature-negative outcomes and toward nature-positive outcomes”.
The intention is to launch and disseminate a final framework in 2023 that will complement the framework of the Task Force on Climate-related Financial Disclosures (TCFD), “to give companies and financial institutions a complete picture of their environmental risks”.
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Now is the time for ASEAN member states to join a global effort to protect at least 30% of the Earth s land and ocean
24th May 2021 2 hours ago
AsiaNet 89706
Kuala Lumpur, Malaysia, May 25, 2021 (Antara/Bernama-AsiaNet) - On the occasion of World Biodiversity Day, a growing number of elected officials, Indigenous leaders, scientists, and other experts are calling on ASEAN leaders to endorse ambitious proposals to protect biodiversity and advance Indigenous rights through the United Nations Convention on Biological Diversity.
After a year-long delay, the official negotiations of the Convention on Biological Diversity have resumed this month and are scheduled to conclude in Kunming, China this October. As delegates from 196 countries including all of the ASEAN member states participate in the negotiations, eyes are on the ASEAN region. As one of the most biodiverse regions on the planet, ASEAN member states have a crucial role to play in developing a successful global strategy
Western Cape commits to biodiversity conservation with Edinburgh Declaration
By Kristin Engel
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Cape Town - Efforts to promote biological diversity conservation in the Western Cape received a boost on the weekend when the provincial Department of Environmental Affairs and Development Planning and MEC Anton Bredell signed the Edinburgh Declaration on Biological Diversity Day.
Biodiversity and Coastal Management director Marlene Laros said while in the process of reviewing the Provincial Biodiversity Strategy and Action Plan, CapeNature together with the department motivated for the signing of the declaration.
“The declaration signifies sub-national governments’ collective commitment towards implementing the biodiversity conservation targets of the United Nations Convention on Biological Diversity,” said Laros.