News Formal

Finance faces new nature-positive disclosure requirements

  • 📰 ReutersScience
  • ⏱ Reading Time:
  • 8 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 51%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

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

"Nature is a financial risk for business," Elizabeth Mrema, co-chair of the Taskforce on Nature-related Financial Disclosures , told the Reuters Global Markets Forum, adding that $10 trillion is accrued every year from nature.

The framework will ask financial institutions and corporate bodies to shift their financial flows from nature-negative to nature-positive outcomes.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 559. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

UK Finance Minister Sunak: Will provide targeted support to most vulnerable with £5B in one-off paymentsUK Chancellor of the Exchequer (the UK's version of a Finance Minister) Rishi Sunak announced new plans to offer targeted support to the most vulnerab
Source: FXStreetNews - 🏆 14. / 72 Read more »