Nature-related disclosures in a megadiverse country: a case study of the finance and development sector Locate phase of the Taskforce on Nature-related Financial Disclosures

About this LEAP Use Case

CEBDS coordinated the TNFD Consultation Group in the megadiverse country of Brazil and supported piloting of the LEAP approach. This use case focuses on the implementation of the first phase of LEAP, Locate, by a subgroup of financial institutions.

Key outcomes

• Results from Locate indicated that, collectively, the subgroup of financial institutions have 22 dependencies and 11 impacts on nature.
• A heatmapping exercise, using ENCORE data on dependencies and impacts of each sector and financial institutions data (loan volume and number of clients), was key to identify sectors of high priority. These were consumer staples, consumer discretionary, utilities and industrials.
• Being in a megadiverse country, the locations defined in L3 and L4 were distributed in several biomes and comply with at least three sensitive location criteria.
• The Locate phase can present considerable challenges in terms of data collection and analysis. It is essential to establish a solid foundation that will allow financial institutions to move on to subsequent steps.

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