TNFD publishes scoping study exploring global nature-related public data facility

TNFD publishes scoping study exploring global nature-related public data facility

Belem, Brazil, 11 August 2023: High level scoping study from the Taskforce on Nature-related Financial Disclosures (TNFD) and partners concludes that demand for nature-related data is growing quickly and a global nature-related public data facility could scale the availability, quality and maintenance of nature data with significant benefits for public, private and civil society stakeholders globally.

Interest in global scale solutions to nature-related data needs have accelerated since the successful agreement of the Kunming-Montreal Global Biodiversity Framework at the CBD COP15 meeting in Montreal in December 2022.

The availability of accurate, comparable and decision-useful nature-related data is an essential pre-requisite to address the global challenge of accelerating nature loss, to help organisations become more resilient in the face of nature-related risks, to deliver sustainable development for local communities and to facilitate the flow of capital to nature positive outcomes.

Responding to these needs and challenges 12 organisations have come together to evaluate the case for a global nature-related public data facility with an initial focus on the immediate need to improve the availability, quality and comparability of state of nature data. Coordinated by the Taskforce of Nature-related Financial Disclosures following, the organisations that contributed to this scoping study are the Global Commons Alliance Accountability Accelerator (GCAA), Capitals Coalition, CDP, Global Reporting Initiative (GRI), Global Biodiversity Information Facility (GBIF), Open Earth, MRV Collective, Science Based Targets Network (SBTN) and UN Environment Programme World Conservation Monitoring Centre (UNEP-WCMC), with research and project management support by Nature Finance and Systemiq.



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