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‘Nature positive’ is the ‘net zero’ for nature. According to the Nature Positive initiative, this refers to halting and reversing of biodiversity loss through measurable gains in the health, abundance, diversity and resilience of species, ecosystems and processes. Nature-based goals and plans must form a key component of any sustainability strategy. Yet, assessing, reporting and acting on nature-related risks is new territory. With more than half the world’s gross domestic product highly to moderately dependent on nature, biodiversity and ecosystems are being degraded, overexploited and are under a growing threat from climate change. Organisations are being called upon to address their impacts on the natural world.
A new global reporting framework aims to support this movement. The TNFD is a market-led, science-based and government supported initiative that provides a risk management and disclosure framework for organisations to report and act on evolving nature-related risks. This article provides an overview of insights and learnings from the companies who have been piloting the beta framework, as well as some guidance on getting started on your nature-positive journey.
The TNFD framework guides organisations on the assessment and disclosure of nature related risks and opportunities to protect, restore and promote the sustainable use of nature. What’s the end goal? To create a shift in global financial flows – away from nature-negative outcomes, and toward nature-positive outcomes.
The first ‘beta’ framework was released in March 2022. Since then, additional releases have been rolled out and have continued to gather insight and feedback along the way through pilot programs. Around 200 organisations globally and across sectors tested aspects of the framework. As your organisation looks to get on the front foot and align to upcoming TNFD recommendations, below are some of the key findings from organisations who have been applying draft recommendations.
Learn about how GHD can support your sustainability journey.
For more information on TNFD pilot programs: Piloting the Framework » TNFD
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