The Nature Scorecard, developed by Planet Tracker, is a comprehensive tool designed to assess corporate engagement with nature-related frameworks and initiatives. It targets financial professionals, including investors, analysts, and corporate managers, by providing insights into how companies address nature-related risks and opportunities.
This tool evaluates over 1,000 companies across various sectors, analysing their participation in both voluntary and involuntary nature-related frameworks. Voluntary frameworks include early adoption of the Taskforce on Nature-related Financial Disclosures (TNFD) recommendations, submissions to the Science Based Targets Network (SBTN), and the appointment of nature executives. Involuntary frameworks encompass initiatives like the Nature Action 100, Principles for Responsible Investment (PRI) Spring, and the Forest 500 score, which identify companies with significant impacts on nature.
By integrating data from these frameworks, the Nature Scorecard offers a consolidated view of a company’s commitment to nature-related issues. This is particularly valuable for financial professionals seeking to understand a company’s exposure to environmental risks and its alignment with global sustainability standards.
For instance, the Nature Scorecard includes updates from the TNFD, highlighting the increasing number of early adopters of nature-related financial disclosures. It also incorporates the World Benchmarking Alliance’s (WBA) Nature Benchmark, which evaluates and ranks companies based on their environmental sustainability practices.
By utilising the Nature Scorecard, finance professionals can make informed decisions regarding investments, risk management, and corporate engagement strategies. It aids in identifying companies that are proactively addressing nature-related challenges and those that may face potential risks due to environmental factors. This tool supports the integration of environmental considerations into financial analysis and decision-making processes.
In summary, the Nature Scorecard is a valuable resource for financial professionals aiming to incorporate environmental sustainability into their practices. It provides a structured assessment of corporate engagement with nature-related initiatives, facilitating informed decision-making in alignment with global sustainability objectives.
