Pentland Centre researchers are tracking the adoption of the Taskforce for Nature-related Financial Disclosures (TNFD) guidance by corporations with a particular focus on the extent to which biodiversity scenarios are being used.
Biodiversity scenario development is recommended within the TNFD and is a technique where hypothetical, but plausible, narratives of the future are developed for organisations to use to help them assess their exposure to nature-related risks and opportunities.
Scenario analysis is a longstanding business practice but applying this within the context of TNFD reporting has some novelty. In order to support business and their advisors, we have prepared the following:
- A briefing note on corporate biodiversity scenarios (in both long and short forms)
- A report evaluating how 'early adopters' of TNFD are using the framework, and what this tells us about emerging good practice.
We hope you will find these useful to inform your thinking and practice.
Please be in touch with Professor Jan Bebbington, Dr Neytullah Ciftci or Duncan Pollard (contact details below) should you have any questions, observations or contributions you wish to make on this work.
