ENCORE sets out how the economy – sectors, subsectors and production processes – depends and impacts on nature. Financial institutions in particular can use data from ENCORE to identify nature-related risks they are exposed to through their lending, underwriting and investment in high-risk industries and sub-industries.
As a sub-section of the tool, the ENCORE biodiversity module has been developed to help financial institutions explore how to align their activities in the agriculture and mining sectors with important global goals for nature.
With a vision to establish a global financial system that works for nature and people, ENCORE is designed to be a useful entry point to nature-related assessment initiatives – such as the new risk management and disclosure framework developed by the Taskforce on Nature-related Financial Disclosures (TNFD) – guiding organisations through the early stages of their nature-positive journey, whatever their understanding or prior experience of managing nature-related risks.