Biodiversity Management and Disclosure Assurance
Global biodiversity reporting has taken the prominence for the launch of Taskforce on Nature-related Financial Disclosures (TNFD) and the global biodiversity framework adoption with goal of 30% conservation of land and sea and 30% restoration of degraded ecosystems by 2030.
- Financial institutions and companies need better information to understand the impact of nature on their financial performance and risks.
- Improved information will help them make better strategic planning, risk management, and asset allocation decisions.
- The TNFD aims to create a framework for organizations to report and address nature-related risks, with the goal of shifting global financial flows towards nature-positive outcomes.
TNFD requirements for companies:
Companies may need advisory and assurance services specifically related to nature-based reporting and TNFD. This could include:
- Assistance in identifying and assessing nature-related risks and opportunities, and developing strategies to manage them.
- Support in implementing TNFD's recommendations, including developing reporting frameworks and disclosure processes that accurately reflect the organization's nature-related risks and impacts.
- Assistance in quantifying and valuing the organization's impact on nature, and developing metrics and indicators to measure progress towards nature-positive outcomes.
- Assurance services to provide independent verification of the organization's nature-related reporting and disclosure, including assurance on the reliability and accuracy of the information provided.
- Training and capacity-building services to help organizations develop the skills and knowledge needed to effectively implement nature-based reporting and TNFD's recommendations.
Our Biodiversity Assurance Services:
- Biodiversity impact assessment and reporting
- Verification of biodiversity-related disclosures
- Assurance of sustainability reports and disclosures (vertical specialization)
- Validation of biodiversity targets and indicators