BNP PARIBAS In addition to participating in coalitions to make the disclosure of information on companies' biodiversity impacts mandatory, BNP Paribas also plays an active role in advancing the work already underway to standardise reporting and the management of impacts, risks and opportunities related to nature through its participation in the Task Force on Nature related Financial Disclosures (TNFD). Since its launch in 2021, the TNFD has been working on a global reporting framework based on biodiversity related criteria, with regular 'beta' publications of their future official recommendations.
The third 'beta' version, released last November, explicitly integrates dependencies and impacts on nature alongside risks and opportunities for an organization, and proposes three new reporting recommendations:
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Supply chain traceability
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Quality of stakeholder engagement
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Alignment of climate and biodiversity objectives
The next 'beta' version is expected for March 2023. In parallel, two discussion papers were recently published, one on biodiversity related scenarios and the other on the impacts to society.
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BNP Paribas SA published this content on 07 December 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 December 2022 09:25:03 UTC.
