New initiative to standardise ecosystem condition measurement & accounting! As illustrated by the fact that the TNFD’s core disclosure metric on ecosystem condition is a placeholder metric, consensus has so far lacked on measurement & metrics. Work on a new Protocol will be launched in June to provide consensus on this key aspects of biodiversity recognised by all key biodiversity frameworks.
📅 [SAVE THE DATE] Ecosystem Condition Protocol announcement webinar – 19 June 2024, 16:00-17:00 CET
The #EcosystemCondition (EC) Protocol development is being launched in response to a recognized need from corporates for detailed and clear guidance on ecosystem condition measurement and accounting, taking up available general guidelines & recommendations and pushing them further.
Similar to the GHG Protocol but for ecosystem condition, the EC Protocol will provide key guidance to corporates to easily report against the Taskforce on Nature-related Financial Disclosures (TNFD)’s core disclosure metric C5.0 on ecosystem condition, Global Reporting Initiative (GRI)’s Disclosure 101-7 "Changes to the state of biodiversity or the #CSRD ’s disclosure requirement E4-5 paragraph 41b on “impact metrics related to biodiversity and ecosystems change” for example.
How to measure the impact of your firm on the state of ecosystems? What metrics are appropriate and fit the requirements of key disclosure frameworks and regulations? How to delineate responsibilities in your value chain and within a landscape?
The EC Protocol will ensure that robust approaches are used to measure and account for #impacts. It will ensure the emergence of a level playing field and enable frontrunners to disclose with confidence, including for their positive impacts on ecosystem condition.
The Protocol will be built in close collaboration with existing key initiatives and frameworks, providing the consensus and guidance required to measure and account for ecosystem condition, without duplicating existing and ongoing work.
The webinar will focus on:
- The needs the EC Protocol would fill,
- The anticipated governance around the EC Protocol,
- The framing and key directions of the Protocol, and
- Getting your first impressions on the Protocol’s preliminary outline and objectives!
Attendees will have the opportunity to ask questions and provide preliminary feedback during the session.
🔗Register here: https://lnkd.in/ermjbsfE
What are your expectations for such a Protocol? Share your thoughts and key questions below! 💬
#TNFD #GRI #CSRD #SBTN #biodiversity