Members of the Property Council strongly support the Nature-related Financial Disclosures mission to develop and deliver a risk management and disclosure framework for organisations to report and act on evolving nature-related risks, with the ultimate aim of supporting a shift in global financial flows away from nature-negative outcomes and toward nature-positive outcomes.
Australia’s unique ecosystems are facing increasingly challenging circumstances. A recent report by the Australian Department of Climate Change, Energy, the Environment and Water found that the ‘state and trend of the environment of Australia are poor and deteriorating as a result of increasing pressures from climate change, habitat loss, invasive species, pollution and resource extraction’ 1.
Losses of nature and biodiversity pose a significant risk to our members’ organisations, our natural heritage and the economy more broadly. There is an urgent need to equip business with an internationally consistent risk management and disclosure framework to engage investors and ensure that capital flows towards projects with nature-positive credentials.
The Australian Government is providing support for TNFD as a strategic funding partner, a member of the TNFD Stewardship Council, and as a participant of the TNFD Forum. Several members of the Property Council are also undertaking a piloting project in coordination with the government to provide detailed feedback on the framework.