Experience and reflections from piloting the TNFD’s LEAP approach on an infrastructure development and finance organisation’s portfolio

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Experience and reflections from piloting the TNFD’s LEAP approach on an infrastructure development and finance organisation’s portfolio

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Identifying and measuring impacts and dependencies Integrating biodiversity into a business context

Private Infrastructure Development Group (PIDG), an infrastructure developer and investor mobilizing private investment in climate-resilient, sustainable and inclusive infrastructure across Africa and in South and Southeast Asia, participated in Global Canopy's Task Force on Nature-Related Financial Disclosures (TNFD) pilot program prior to the launch of the TNFD Final Recommendations in September 2023.

The TNFD has developed a series of recommendations and guidelines for organizations to identify, assess, manage and, where appropriate, disclose their dependencies, impacts, risks and opportunities in relation to nature. Its recommendations and guidance help organizations integrate nature into decision-making and ultimately support a shift in global financial flows from nature-negative to nature-positive outcomes.

With the support of The Biodiversity Consultancy and Global Canopy, PIDG piloted the TNFD's LEAP approach to identifying and assessing its nature-related issues.

The pilot project focused on the application of the TNFD LEAP approach to PIDG's infrastructure portfolio, which comprises infrastructure projects financed through equity, debt and guarantees to banks and bond investors to support the development of infrastructure projects. Specifically, the pilot project aimed to identify: challenges and opportunities in relation to data sources, tools and platforms available to support nature-related assessments; the potential use and limitations of existing available data to inform the localization, evaluation and assessment phases of the LEAP approach; and the synergies between the LEAP approach and the PIDG impact management framework and process.

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