TNFD’s new sector guidance and metrics will help companies to accelerate their implementation of ICMM’s nature commitments and will enable mining and metals companies to identify, assess, manage and disclose “nature related issues”, ICMM said.
416. Drawn from over 50 jurisdictions, the publicly listed companies represent over $6 trillion in market capitalisation, an increase of 50% since the TNFD’s Early Adopter announcement in January. This material supports mining and metals companies implementing TNFD’s wider framework in managing the nuances that are unique to the sector, as they work on integrating nature-related issues into their governance, strategic planning, risk management and disclosures, it said.
This includes disclosing material nature-related impacts, dependencies, risks and opportunities for operations in priority locations by 2026 and the most material value chain categories or issues by 2030. TNFD’s new resources launched Friday will help to support this enhanced level of disclosure. Mining and metals companies have been reporting on their impacts on biodiversity for decades, this guidance goes much further to capture how their interactions with nature impacts businesses, ICMM said.