The UN Global Compact Network Canada, in partnership with WSP in Canada, has released a new guide focused on providing a starting point for corporate Canada to begin making nature-related financial disclosures.
The new guide, “TNFD Essentials: A Beginner’s Guide to Nature-Related Financial Disclosures”, provides a series of practical and actionable items for businesses starting their TNFD reporting journey. It will help companies address the risks and opportunities of accounting for nature in their business planning, and equip them with tools and guidance to tackle tasks like quantification and target-setting in this area.
“Beginning nature-related financial disclosures can seem complex to businesses,” said Elizabeth Dove, executive director of UN Global Compact Network Canada at the Transforming Business Through Biodiversity event launching the guide. “This guide is meant to simplify the process, providing a logical, step-by-step framework for starting to understand these disclosures, then starting to act on them.”
The guide was developed by the UN Global Compact Network Canada, in partnership with WSP, working closely with industry partners who shared experiences from their own TNFD journeys. This synergy has enriched the guide, making it a foundational resource for any company looking to enhance its engagement with environmental stewardship.
“Every TNFD journey is unique, depending on the way an individual company interacts with the natural environment,” said Patrick Lafrance, national vice-president of Ecology and EIA at WSP in Canada. “However, there are some common steps that each can take to get started, and this guide will help them understand what those are.”
The UN Global Compact Network Canada is part of the world’s largest corporate sustainability initiative, dedicated to advancing the Ten Principles in human rights, labour, environment, and anti-corruption along with the Sustainable Development Goals (SDGs). The Canadian Network brings together over 200 companies, both large and small, from various sectors, all committed to integrating sustainable and ethical practices into their core strategies.
As one of the largest professional services firms in the world, WSP works to future-proof cities and the environment. It provides strategic advisory, engineering, and design services to clients seeking sustainable solutions in the transportation, infrastructure, environment, building, energy, water, and mining sectors. The company’s 12,000 Canadian employees, and 69,300 trusted professionals worldwide, are united by the common purpose of creating positive, long-lasting impacts on the communities it serves through a culture of innovation, integrity, and inclusion.
To download a copy of the guide, visit: https://unglobalcompact.ca/knowledge-hub/page.php?id=68&utm_source=wsp&utm_medium=news&utm_campaign=tnfd+wsp
Featured image credit: Getty Images
