S1E107: Saving nature: Have we found the magic formula?

Businesses have often paid little heed to nature in the race for
profits. A new framework will help companies realise that
damaging nature is risky business.


Synopsis: Every first and third Monday of the month, The Straits
Times analyses the beat of the changing environment, from
biodiversity conservation to climate change.


Who doesn’t enjoy a walk in a park or forest, breathing clean
air, or watching wildlife?Yet, humanity has done a pretty good
job in destroying nature, such as deforestation, pollution and
over extraction of resources. 


Part of the problem is that we've taken nature for granted and
treated its bounty as free. And for many of us, the problem can
seem far away from big cities. 


Today’s episode of Green Pulse has some nature-positive news.
There’s now a way to help companies make better choices to
protect nature and better understand their impacts on the natural
world. 


A global framework, or guide, to help firms measure and report
their nature-related risks and impacts has been developed and it
is being released this week. Called the Taskforce for
Nature-Related Financial Disclosures, or TNFD, it could soon be
adopted by regulators to drive better protection of nature. 


To tell us more about this is Mr Tony Goldner, executive director
of the TNFD, who is based in London. 


Highlights (click/tap above):


1:54 Why is nature so important to society?


5:43 How urgent is the need to tackle the crisis of nature loss?


10:01 How did the TNFD framework come about and what are
nature-related risks?


17:03 Nature is very complex. How can companies measure their
impacts?


24:02 There have been many efforts in the past to tackle nature
loss. Is the TNFD the magic formula we're all been looking for?


Produced by: David Fogarty (dfogarty@sph.com.sg), Ernest
Luis, Hadyu Rahim & Paxton Pang


Edited by:  Hadyu Rahim


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Singapore's War On Covid (5 eps): https://str.sg/wuJa


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