Session 2 – Transforming Finance for Nature
*The views expressed in this recording are those of the author(s) and do not necessarily represent those of the United Nations, including UNDP, or the UN Member States.
25 September 2020, 11:00-12:30 PM (EDT)
This session will strengthen the momentum achieved in collaboration with financial institutions and governments on the Taskforce on Nature Related Financial Disclosure (TNFD), which will launch in 2021. The TNFD Informal Working Group (IWG) is already in place with over 20 members from financial institutions and growing. The IWG is currently defining its workplan and determining the key technical aspects needed to inform the development for the TNFD. This session is a critical opportunity to draw on technical expertise from central banks, data providers, biodiversity experts and scientists on; (a) the risks and opportunities for financial institutions of addressing or not addressing biodiversity risks, and understanding impacts and dependencies on nature, (b) requirements to effectively create material risks for the destruction of biodiversity, (c) ensuring relevance and utility of the TNFD framework for regulatory bodies and (d) inputs and perspectives from civil society.
This session will take place on 25 September 2020, 11:00-12:30 PM (EDT). The event will be broadcast live on this page.