Series 3 Episode 5: Nature and biodiversity: avoiding financing ourselves into extinction.

RBS International 'A Just Transition' Podcast Series

09-08-2024 • 26 mins

In this episode we have invited Andrew Mitchell, Vice Chair of the task force on nature related financial disclosures (TNFD) and the founder and CEO of Equilibrium Futures to discuss the role of the TNFD, the scale of the challenge to regulate nature and measure impact, and the speed of change required. The TNFD was a collaborative project with the World Wildlife fund, United Nations Development Fund, and others to create a reporting and disclosure framework for nature.

It is imperative that everyone understands that nature is not an unlimited resource.
To make it more visible we need to measure something, in the same way we do for economic activity in relation to climate change. Metrics need to be agreed and targets set. 69% of global wildlife populations have been lost since 1970, indicating the urgency and need for change. Nature risk is really big, really fast and can affect all sectors.

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