Nature disclosure standards coming next year for banks, companies

The executive director of the Taskforce on Nature-related Financial Disclosures says the global body is on track to release final standards next September that will inform companies and financial institutions about disclosing the impact their operations have on the natural environment beyond carbon dioxide emissions.

Like the work of a similar taskforce working on climate-related financial disclosures, the standard rules for reporting about land use, biodiversity, water management and protection of species may ultimately be incorporated in international accounting standards, so environmental impact is disclosed alongside financial information to help investors decide where to allocate capital.