TNFD discussion paper on biodiversity footprinting approaches for financial institutions


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TNFD discussion paper on biodiversity footprinting approaches for financial institutions

Detalles

Temáticas
Integrating biodiversity into a business context

This paper is a discussion paper that presents an overview of the current landscape of biodiversity footprint measurement approaches, including their limitations, and sets out six steps to help market participants select and disclose approaches appropriate to their needs.

The TNFD developed this document in collaboration with the Partnership for Biodiversity Financial Accounting (PBAF). It builds on the significant work on biodiversity footprint measurement by PBAF, the Align project, the Finance for Biodiversity Foundation and others, to help companies and financial institutions make informed decisions about where to start and what approaches to use when exploring this area.

Key area of focus
- A definition of biodiversity footprint measurement
- An overview of the current landscape of footprint measurement approaches
- Summary of the limitations of existing approaches to measuring footprint
- Six steps to help market participants select and disclose biodiversity footprint measurement approaches appropriate to their needs

Key results
- Inform the ongoing development of the TNFD measurement architecture
- Assess the usefulness of biodiversity footprint measurement methodologies to assist market participants
- Submit interim guidance on biodiversity footprint measurement approaches to obtain market feedback
- Stimulate greater innovation by developers and data providers in nature-related methodologies, tools, and analytics.

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