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%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria 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.

 

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

Nigeria Nigeria Latest News, Nigeria Nigeria 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 »