- Fast-tracking finance for nature: Trends in nature-related financial disclosures of South African companies4.86 MB
Most companies rely on ecosystem services such as sufficient water, healthy soils, pollination, raw materials and a stable climate. If these systems are disrupted, the impacts are immediate: higher input costs, reduced productivity, operational interruptions and lower yields.
It has been two years since the Taskforce on Nature-related Financial Disclosures (TNFD) released its TNFD framework, which recommends that companies disclose and address their nature-related risks and impacts. WWF’s engagements with the private sector indicate that many companies have begun preparing for disclosures, but the pace of progress remains slow. This report is based on an assessment of disclosure reporting of 20 JSE-listed companies.
“Fast tracking finance for nature” leads with five trends in disclosure reporting. Next, it provides insights and useful resources for South African financial institutions and organisations, by sector: the financial, consumer goods and telecoms sectors. It closes with six short recommendations, including applying the TNFD “LEAP approach” and investing in nature-based solutions.
To embed nature in governance and strategy, WWF remains committed to helping the corporate sector build capacity and improve disclosures.
Report by the World Wildlife Fund
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