With more than half of the world’s gross domestic product dependent on nature, and the potential collapse of ecosystem services threatening a $2.7 trillion decline in global GDP annually by 2030, it’s no surprise that regulators and investors want to know more about nature-related financial risks.
Good news then that after many months of consultation and development, a Taskforce on Nature-related Financial Disclosures will release its final recommendations next week for managing and disclosing nature-related risks.
In the transition to a net-zero, nature-positive global economy, this is a major and necessary milestone and should be welcomed: As the adage goes, “You can’t manage what you can’t measure.” But while essential, disclosure is only one ingredient in the recipe for change.
About the author
Elizabeth Aceituno
Elizabeth Aceituno is a sustainable finance expert with WWF’s Global Finance Practice, which she joined in 2017. She works to help influence the financial system to improve integration of environmental risks, deliver investment for sustainable development, and eventually drive sustainable practices through other sectors.
