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Finance faces new nature-positive disclosure requirements - BusinessWorld Online

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Financial firms already struggling with climate-compliance due to unclear measurement metrics will soon face new disclosure requirements for biodiversity, or nature-related, investments.

DAVOS, Switzerland —

The TNFD working group is putting together metrics to measure biodiversity targets in consultation with industry and financial institutions. Its post-2020 Biodiversity Framework is expected to be adopted later this year. The framework will ask financial institutions and corporate bodies to shift their financial flows from nature-negative to nature-positive outcomes.

“Biodiversity is getting higher on the agenda,” said David Knibbe, CEO of Dutch insurer NN Group NV, which has 200 billion euros in assets under management and is active in sustainable finance.

 

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