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Forums PROFESSIONAL CERTIFICATE on Finance for Nature Questions on Module 3: The data challenge Reply To: Questions on Module 3: The data challenge

  • Penelope

    Member
    February 15, 2025 at 1:38 pm

    Not expecting answers to this at this late stage, but I find it helps my thought processes to pose them anyway!

    I noticed that the BFFI was not included in the list of tools on the module – from the TNFD LEAP approach would it include L (locate the entities interface with nature), E (evaluation of the impacts of financial sector decisions on biodiversity) and P (Prepare to respond to risks and opportunities and take action and report)? i.e. the qualitative analysis at the end of the diagram is intended to interpret results in the ‘Biodiversity footprint PDF produced’ and ‘take action’. NB: though the word assess is used in the diagram provided this is against parts of the process that relate to evaluating impacts through use of EXIOBASE and ECOINVENT, I don’t see any explicit reference to Assessing Risks and Opportunities. So perhaps the ‘P’ in this case is more like an ‘A’?