Home » PublicationsDiscussion paper on biodiversity footprinting approaches for financial institutions Last updated May 2024 Categories Discussion papers Version Version v1.0 December 2023 This document is a discussion paper that presents an overview of the current landscape of biodiversity footprinting approaches, including their limitations and sets out six steps to help market participants select and disclose these approaches appropriate for their requirements. TNFD developed this paper in partnership with the Partnership for Biodiversity Accounting Financials (PBAF). It builds on the significant work on biodiversity footprinting of PBAF, the Align project, the Finance for Biodiversity Foundation and others to help companies and financial institutions make informed decisions on where to start and the approaches to use as they navigate this area. Key focus area A definition of biodiversity footprinting An overview of the current landscape of footprinting approaches Summary of the limitations of existing approaches to footprinting Six steps to help market participants select and disclose biodiversity footprinting approaches appropriate for their requirements Key outcomes Inform the ongoing development of the TNFD’s measurement architecture Assess the decision utility of biodiversity footprinting methodologies to help market participants Present draft guidance on biodiversity footprinting approaches for market feedback Stimulate further innovation by developers and data providers in nature-related methodologies, tools and analytics Related publications Additional guidance for financial institutions Taskforce on Nature-related Financial Disclosures (TNFD) Recommendations Guidance on the identification and assessment of nature-related issues: the LEAP approach Findings of a high-level scoping study exploring the case for a global nature-related public data facility Data Discussion Paper Related webinars Getting Started with the TNFD Recommendations: A practical pathway towards nature-related corporate reporting November 21, 2023 (Updated: January 25, 2024) This webinar highlights how organisations can get started with the TNFD Recommendations. It features the Taskforce members who led the development of the TNFD’s Getting Started guidance and a key pilot tester – and digs into the... What did central banks learn from testing their portfolios for nature risks? January 26, 2022 (Updated: September 14, 2023) This webinar investigates the involvement of central banks and financial supervisors in nature-related risks and includes presentations from the authors of ‘A “Silent Spring” for the Financial System?’ by the... Nature-related risk in practice: what are the key considerations for financial institutions? April 27, 2023 (Updated: September 18, 2023) This webinar discusses the practical aspects of understanding and evaluating nature-related risks for financial institutions. It covers the importance of considering the climate-nature nexus and deep dives into then-recent case studies... Additional guidance for financial institutions March 7, 2024 (Updated: March 8, 2024) Published alongside the TNFD Recommendations in September 2023, this Forum member webinar explored the draft additional guidance for financial institutions open for consultation until 29 March. This session provides an...