Professional methodology to information enterprise motion for nature
DAVOS, Switzerland, Jan 17, 2023 /PRNewswire/ — The UN Setting Program (UNEP) and S&P International Sustainable1 announce in the present day the launch of the Nature Threat Profile, a brand new methodology for analyzing firms’ impacts and dependencies on nature.
The Nature Threat Profile is geared toward enabling the monetary sector to measure and handle nature-related danger by offering scientifically sturdy and actionable analytics on nature impacts and dependencies.
With half of the world’s GDP extremely depending on nature, biodiversity loss is a rising concern for international enterprise leaders. In accordance with the World Financial Discussion board’s 2023 International Dangers Report, biodiversity loss is the fourth most extreme international danger over the subsequent ten years behind local weather motion failure, local weather change adaptation, and excessive climate. Subsequently, market individuals want a reputable, quantitative method to measure the biodiversity impression and dependencies of their operations and portfolios, mitigate dangers, and advance nature-positive outcomes to construct resilience.
The brand new methodology outlines metrics and knowledge that allow firms and buyers to determine and quantify nature-related publicity. The methodology covers a number of key areas, together with dangers arising from firms’ impacts on biodiversity, dangers arising from firms’ dependencies on biodiversity and potential dangers by way of proximity to biodiverse areas.
The launch of the Nature Threat Profile methodology follows on the heels of the adoption of the Kunming-Montreal International Biodiversity Framework, in December 2022. The International Biodiversity Framework features a goal for governments to take authorized, administrative or coverage measures to encourage and allow companies to often monitor, assess, and transparently disclose their dangers, dependencies and impacts on biodiversity. Governments moreover agreed that these necessities apply to all giant in addition to transnational firms and monetary establishments together with their operations, provide and worth chains, and portfolios.
The potential impression of the Nature Threat Profile methodology is important, remodeling the parameters of economic decision-making. Developed by specialists from throughout the conservation, enterprise, and finance communities, it aligns with the rising method of the Taskforce on Nature-related Monetary Disclosures (TNFD) and can assist the implementation of TNFD’s disclosure framework.
The methodology permits customers to mix company-level data with best-practice nature-related knowledge to calculate important danger metrics. It’s constructed round utilizing highly effective, science-based impression and dependency measurement instruments, together with the Exploring Pure Capital Alternatives, Dangers and Publicity database and the creating Ecosystem Integrity Index.
S&P International Sustainable1 has additionally launched a brand new information neighborhood inviting funding managers, insurers, companies, non-profits, and others to collaborate on methods to additional develop the methodology to speed up the shift of capital in direction of nature-positive outcomes. This pilot program will assist the sensible implementation of the TNFD framework course of utilizing geospatial biodiversity datasets curated by the UN Setting Program World Conservation Monitoring Heart (UNEP-WCMC) and companions, mixed with S&P International’s in-depth details about native enterprise actions.
Neville AshDirector of UNEP-WCMC, mentioned: “The methodology gives a significant step ahead to ship the actions required for transformative change and assist the finance sector’s important contribution to delivering the ambitions of the Kunming-Montreal International Biodiversity Framework. This system hyperlinks science, Coverage and finance to convey nature to the guts of economic decision-making.The collaboration with a worldwide monetary knowledge supplier similar to S&P helps to check the methodology utilizing their location-specific knowledge on hundreds of economic and company property.In creating and sharing this technique as a public good, we’re supporting the TNFD in implementing a typical and harmonized method to nature-related danger administration inside the finance sector.”
Dr. Richard MattisonPresident of S&P International Sustainable1, mentioned: “In opposition to the backdrop of internet zero commitments from buyers and corporations, it’s important that internet zero for local weather needs to be internet optimistic for nature consistent with the vital work of the TNFD. The event of this new methodology will probably be key to unlocking higher understanding, evaluation and motion round nature-related dangers for firms and buyers. Considerably, the methodology may even be open entry, and developed and refined by stakeholders, to assist transparency and adoption.”
For extra data and to view the complete methodology, please go to S&P International Sustainable1’s nature web site.
Notes to Editors
Concerning the UN Setting Program (UNEP)
The UN Setting Program is the main international voice on the atmosphere. It gives management and encourages partnership in caring for the atmosphere by inspiring, informing and enabling nations and peoples to enhance their high quality of life with out compromising that of future generations. UNEP collaborated with S&P International on the event of the methodology contained inside this publication, nevertheless, this doesn’t indicate endorsement of S&P International nor any related firms.
The UN Setting Program World Conservation Monitoring Heart (UNEP-WCMC) is a worldwide Heart of excellence on biodiversity. We function as a collaboration between the UN Setting Program and the UK-registered charity WCMC. Collectively, we’re confronting the worldwide disaster dealing with nature. We do that by way of our distinctive place guaranteeing science, information and insights form international and nationwide coverage, and by collaborating with companions around the globe to construct capability and create modern options to environmental challenges. We use our place as revered custodians of highly effective and trusted environmental knowledge to create optimistic impression for individuals and nature.
About S&P International Sustainable1
S&P International Sustainable1 is the central supply for sustainability intelligence from S&P International. Sustainable1 matches clients with the sustainability merchandise, insights and options from throughout S&P International’s divisions to assist meet their distinctive wants. Our complete protection throughout international markets mixed with in-depth sustainability intelligence gives monetary establishments, companies and governments with expansive perception into enterprise danger, alternative, and impression as we work in direction of a sustainable future. Our knowledge and well-informed viewpoint on important subjects like vitality transition, local weather resilience, optimistic impression and sustainable finance enable us to go deep on the small print that outline the large image so clients could make choices with conviction.
About S&P International
S&P International (NYSE: SPGI) is the world’s foremost supplier of credit score scores, benchmarks and analytics within the international capital and commodity markets, providing ESG options, deep knowledge and insights on important financial, market and enterprise elements. We have been offering important intelligence that unlocks alternative, fosters development and accelerates progress for greater than 160 years. Our divisions embrace S&P International Rankings, S&P International Market Intelligence, S&P Dow Jones Indices and S&P International Platts.
For extra data and to rearrange interviews, please contact:
UNEP Information Desk (Nairobi)
Cellphone: +254 717 080 753
S&P International Sustainable1
+44 7929 711556
Cellphone: +1 917 865 2692
SOURCE S&P International Sustainable1