Climate Risk Blake Goud Climate Risk Blake Goud

New Guidance On Nature Targets Will Increase Finance For The ‘Blue Economy’

  • New guidance from the Science Based Targets Network provides companies with a framework for assessing their impact on nature and helps them set nature-related targets

  • Nature risk impacts half of all global economic activity, and the blue economy where the RFI Foundation’s Blue Finance Challenge is focused, has been particularly challenging for financial institutions

  • As financial institutions increase their focus on nature risk – including risks related to the ‘blue economy’ – they will rely on technology to provide tools to measure, manage and disclose risks as well as to improve their ability to offer innovative solutions like ‘blue finance’

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Climate Risk Blake Goud Climate Risk Blake Goud

Nature-Related Disclosures Will Widen Data Gaps In The Financial Sector That Technology Will Be Critical In Filling

  • The Task Force on Nature-related Financial Disclosures is taking final feedback ahead of a September 2023 release

  • Financial institutions already challenged by climate-related risks & disclosures will face an added burden to incorporate nature risks

  • Technology will play an important role in understanding, measuring and disclosing nature risks, a key rationale for the RFI’s Blue Finance Challenge

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