Businesses and financial institutions increasingly seek to understand their dependencies on nature, and what this means for risk, resilience and reporting. A big part of that is identifying where, and measuring how, their operations, value chains and portfolios depend on ecosystem services, such as water supply, flood mitigation, crop pollination, soil quality, and the supply of food and fibre.
To support measurement, the Nature Positive Initiative (NPI) has helped drive convergence around a consensus set of ‘State of Nature’ metrics. These metrics describe the health of ecosystems and species and are increasingly being embedded within major voluntary disclosure frameworks and target-setting standards, such as those of the Taskforce on Nature-related Financial Disclosures (TNFD), the Global Reporting Initiative (GRI), and the Science Based Targets for Nature (SBTN).
Categories: Industry Briefing Notes, Insights
