Original Research: How Will the TNFD Impact the Health Sector's Nature-Risks Management?

Area of Science:

• Environmental Finance
• Corporate Sustainability
• Risk Management

Background:

• The Taskforce on Climate-related Financial Disclosure (TCFD) overlooked the health sector's climate risks.
• The Taskforce on Nature-related Financial Disclosures (TNFD) now prioritizes the health sector for nature-related risks.
• Understanding health sector dependencies on nature and biodiversity loss is critical.

Approach:

• Policy analysis of the TNFD framework and its beta versions.
• Literature review on nature-related risks and opportunities within the health sector.
• Analysis of the Health Sector-Wide Approach (SWAp) and stakeholder due diligence to gauge industry interest.

Key Points:

• Nature risks are significant for the health sector, and the TNFD framework elevates its priority.
• Despite TNFD's focus, the health sector has not demonstrated increased interest or participation.
• Implementation of nature-financial metrics for disclosure requires further investigation.

Conclusions:

• The TNFD framework highlights the importance of nature-related risks for the health sector.
• Despite TNFD's focus, health sector engagement remains low.
• Implementation of nature-financial metrics requires further investigation for enhanced disclosure and risk management.