Embedding climate & nature into corporate decision making: TCFD reference scenarios, TNFD piloting, enhanced risk management
Location: Auditorium B, Business Pavilion, Blue Zone (Zone C, Area 5, lot n. 118)
Host: WBCSD
Date: 9 November 2022
Time: 16:30 – 17:30 (EET)
Description: The climate emergency and nature loss are material financial risks. Climate inaction could cost the global economy US$178 trillion over the next 50 years, and depleting natural capital puts half of the global GDP at risk. Regulators and investors are increasingly scrutinizing companies to demonstrate that climate and nature are embedded in corporate decision-making through frameworks like those developed by the Taskforce on Climate-related Financial Disclosures (TCFD) and the Taskforce on Nature-related Financial Disclosures (TNFD).
This session will explore how leading companies embed climate- and nature-related into decision-making and demonstrate this effectively through consistent, comparable, reliable, and assurable corporate reporting. We’ll do this by highlighting the progress made on two critical areas that were identified in our Vision 2050: make the disclosure of ESG-related risks and impacts mandatory and standardized, and ensure that fiduciary duties of company directors and investors incorporate ESG-related risk and impacts and that these leaders are prepared to take on these duties.
Speakers:
- Peter Bakker, President & CEO, WBCSD
- Tony Goldner, Executive Director Taskforce on Nature-related Financial Disclosures (TNFD)
- Tom Reichert, Global CEO, ERM
- Salla Sulasu, Global Climate Lead, Royal DSM
- Emily Moberg, Research Lead Specialist, Scope 3 Carbon Measurement and Mitigation, WWF US
- Denise Hills, Global Sustainability Director, Natura &Co.
- Laura Barlow, Group Head of Sustainability, Barclays
For any questions, please email copaction@wbcsd.org.