TNFD
Taskforce on Nature-related Finacial Disclosures
Taskforce on Nature-related Finacial Disclosures
Introduction to TNFD
Background
Recently, in the international community, nature has been emerging as a major agenda since the climate change, which is a major global crisis*with the sustainability of the company and the goal of ESG, and the demand for systematic response measures has been steadily increasing. In particular, more than half of the economic production is natural dependent, and the recognition is that corporate activity worsens the ecosystem and loss of natural capital is leading to the financial risk of the company. In addition, CBD requires large companies, multinational companies, and finance to monitor, evaluate, evaluate, and disclose the results in the battery -based diversity strategy (GBF).
* 1) Failure to ease and adapt to climate change at future global risks, 2) abnormal climate and natural disasters, 3) loss of biodiversity and collapse of ecosystems, 4) involuntary migration, 5) natural resource crisis (WEF (World Economic Forum) , The Global Risks Report, 2023)
Purpose
TNFD was established to provide the standards and procedures that must be observed when disclosing the information of corporate and financial institutions on the risks and opportunities of natural capital*(June 2021.), and investors are more for natural issues through the TNFD recommendation. It is aimed to provide a method for the organization to disclose natural issues in response to the demand for information and to meet the standard value of global sustainability and the existing and new regulatory requirements.
* Natural Capital: The loss of capital of nature, such as flora, air, air, soil, mineral, and other natural natural, natural ecosystems, and biodiversity, which is a human being, will eventually become economic threats.
Composition
4 major disclosure factors
- 1. Governance
- 2. Strategy
- 3. Risk & impact management
- 4. Metrics & targets
14 recommended disclosure items(recommended disclosures)
TNFD recommended disclosure item
Evaluation
Proposal an integrated approach to evaluate natural issues (LEAP approach)
- - Locate : Find the location of the contact where the organization meets.
- - Evaluate : Diagnose the dependence and impact of organizations and nature.
- - Assess : Evaluate the organization's natural risks and opportunities.
- - Prepare : Respect to important natural issues and to report on issues.
LEAP approach
TNFD recommendation and additional guidelines
How to download the current status of each natural environmental survey
* Examples of administrative boundaries (City.District) standards
- 1. Click [Time Serial Analysis] button : Time series analysis tabs in Ecological Space Information Services are activated and are displayed in a new window.
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2. Selection of analysis area : Select the analysis area according to the analysis area criteria.
- Analysis area standard
- - Area Settings: Based on the area defined by the user.
- - File Standard: Referring to the SHP file uploaded by the user.
- - Administrative boundaries (City.District): Based on administrative boundaries by city.district.
- - Administrative boundaries (Town.Village): Based on administrative boundaries by town.village.
- - Based on Number: Based on the number.
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3. Select the map analysis area : Select the analysis area on the map and confirm it.
- How to select the analysis area
- - You can select multiple areas by clicking once. (Multiple object selection available)
- - Select the selection area by double click.
- 4. Selection of analysis periodSet the year and end year. :
- 5. Analysis data selection : Set the detailed analysis item.
- 6. Click [Analysis] button : Time series analysis is performed.
- 7. Confirmation of analysis results : Time series analysis statistics and graphs are displayed as pop -up windows.
- 8. [Download Status] Click button : Download Excel file.