TNFD screening and prioritisation exercise

Summary

Little Blue Research supported the client by piloting the initial stages of the Taskforce on Nature-related Financial Disclosures Draft Framework for several business lines and their own operations.

Client description

Business intelligence and events provider

Size: confidential

Capitals

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NATURAL

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Client need

The client requested technical support to undertake a screening and prioritisation exercise as part of a pilot test of the beta version of the Taskforce for Nature-related Financial Disclosures (TNFD) framework. The pilot focused on the first six steps of the Locate, Evaluate, Assess and Prepare (LEAP) approach and included review of the client's approach to the Taskforce on Climate-related Financial Disclosure to identify synergies.

The challenge

The results

Putting the TNFD Draft Framework's LEAP approach into practice for different aspects of the value chain.

Identifying priority locations within the client's business lines including key operational locations.

High-level risk assessment based on outputs of piloting the initial stages of the LEAP approach, including risk ratings.

Providing a series of biodiversity, water and waste indices for use in the assessment of different aspects of the client’s value chain.

Next steps and likely actions needed to complete a full TNFD assessment in future following the update and finalisation of the draft framework.

Results from an impact and dependency screening exercise with particular reference to current biodiversity, water and waste risks.

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