Bring back the accountants – and the taskforces! It’s time to look at how companies identify and report on nature-related impacts and opportunities.
We make an investigation of the Taskforce on Nature-related Financial Disclosures (TNFD) and its work with the Pentland Centre’s Dr Neytullah Ciftci – Neo to his friends – who works with Jan on that very topic.
Discover how companies can change nature; how these changing ecosystems could be a risk to your business; and the importance of analysing supply chain impacts as well as your own operations.
We look at how companies are adapting to the TNFD framework, and how widespread reporting is; discuss how TNFD fits in with the Taskforce on Climate-related Financial Disclosures (TCFD); gain an understanding of the different biodiversity scenarios for companies looking up to 100 years into the future; and hear Paul wonder if he knows too many accounting acronyms.
Reporting under the TNFD is moving quickly, with new reports expanding our understanding of the reporting framework. Here are the four most complete biodiversity scenarios within TNFD reports we have found to date, and the TNFD’s guide on scenario analysis.
KAO TNFD Report: https://www.kao.com/content/dam/sites/kao/www-kao-com/global/en/sustainability/pdf/biodiversity-tnfd.pdf
Kyuden Group Integrated Report 2024:
https://www.kyuden.co.jp/english_company_news_2024_h240925-1.html
Norinchuking Climate & Nature Report 2024: https://www.nochubank.or.jp/en/sustainability/backnumber/pdf/2024/climate_nature.pdf
Sekisui TCFD & TNFD Report 2024: https://www.sekisuichemical.com/sustainability_report/pdf/2024_TCFD_TNFDReport_E.pdf
TNFD (2023) Guidance: https://tnfd.global/publication/guidance-on-scenario-analysis/
Find out more about Neo and his work here: https://www.lancaster.ac.uk/lums/people/neytullah-ciftci
And catch-up on the previous episode that covered the TCFD with Duncan Pollard here: https://pod.fo/e/272bf5