Fair Supply, an Australian-based ESG technology and data company, has developed a biodiversity risk management tool designed to assist organisations in assessing and mitigating species extinction risks within their supply chains. This platform is tailored for businesses aiming to integrate biodiversity considerations into their environmental, social, and governance (ESG) strategies. It is particularly relevant for finance professionals involved in investment analysis, risk management, and compliance reporting.

The tool enables users to map their entire supply chain using basic business data, identifying areas with high species extinction risks. It offers automated classification and footprinting, providing clear data to inform decision-making. By understanding these risks, finance professionals can make informed decisions about suppliers and investments, ensuring alignment with sustainability objectives and regulatory requirements.

Additionally, the platform supports compliance with emerging standards, including the Taskforce on Nature-related Financial Disclosures (TNFD) guidelines, facilitating transparent reporting and due diligence processes.

In summary, Fair Supply’s biodiversity risk management tool offers finance professionals a practical solution to assess and manage biodiversity risks in supply chains, supporting informed decision-making and compliance with evolving ESG standards.