High level scoping study from the Taskforce on Nature-related Financial Disclosures (TNFD) and partners concludes that the demand for nature-related data is growing quickly and a global nature-related public data facility could scale the availability, quality and maintenance of nature data with significant benefits for public, private and civil society stakeholders globally.
The interest in global scale solutions to nature-related data needs has accelerated since the successful agreement of the Kunming-Montreal Global Biodiversity Framework at the CBD COP15 meeting in Montreal in December 2022.
The availability of accurate, comparable and decision-useful nature-related data is an essential pre-requisite to address the global challenge of the accelerating nature loss, to help organisations become more resilient in the face of nature-related risks, to deliver sustainable development for local communities and to facilitate the flow of capital to nature positive outcomes.
Responding to these needs and challenges, 12 organisations have come together to evaluate the case for a global nature-related public data facility with an initial focus on the immediate need to improve the availability, quality and comparability of the state of nature data.
Coordinated by the Taskforce of Nature-related Financial Disclosures, the organisations that contributed to this scoping study are the Global Commons Alliance Accountability Accelerator (GCAA), Capitals Coalition, CDP, Global Reporting Initiative (GRI), Global Biodiversity Information Facility (GBIF), Open Earth, MRV Collective, Science Based Targets Network (SBTN) and the UN Environment Programme World Conservation Monitoring Centre (UNEP-WCMC), with research and project management support by Nature Finance and Systemiq.
Source- TNFD publishes scoping study exploring global nature-related public data facility – TNFD
About the Authors
Associate Director, Investment Banking
Prachurjya has over 16 years of experience in investment banking with Acuity Knowledge Partners. At Acuity, he has led sector and product-specialist pilot teams across Capital Markets, ESG, Debt Advisory, Loan Syndications, Metals & Mining and Real Estate. He has been actively involved in setting up and on-boarding new ESG Advisory, ESG DCM and Sustainable Finance teams for various bulge bracket investment banks. Within DCM and Rating Advisory, he has been instrumental in helping the clients achieve over 30% in annual savings on both regular and adhoc tasks through standardization of the outputs and deployment of our proprietary BEAT tools.
Delivery Manager, Investment Banking
Puja has 6 years of extensive experience in ESG, Climate Change & Sustainability and she is supervising the ESG team at Acuity. She also has diverse experience in conducting ESIA, EHS compliance audits, ESG Risks and Controls, EHS & ESG Due Diligence assessments. Prior to joining Acuity, she was working with companies like KPMG Global Services, EY India and ERM India. She has expertise in provisioning extensive research requirements for clients through preparation of Peer Benchmarking, Target Compilation, Sustainability report, Sustainable Finance Updates and Sectoral ESG Thematic Detailing Engagement.
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