Finance faces new nature-positive disclosure requirements

📆 26/05/2022 20:00:00
📰 ReutersScience

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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.

"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.

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