Assessing the nature-related issues of investees’ clients as a Colombian investment management consortium

Grupo SURA case study on piloting the Taskforce on Nature-related Financial Disclosures recommendations.

This case study is now also available in Spanish and Portuguese.

Investment management firm Grupo SURA, took part in Global Canopy’s Taskforce on Nature-related Financial Disclosures (TNFD) piloting programme prior to the launch of the TNFD Final Recommendations in September 2023.

The TNFD has developed a set of recommendations and guidance for organisations to identify, assess, manage, and – where appropriate – disclose, their evolving nature-related dependencies, impacts, risks and opportunities. Its recommendations and guidance help organisations to integrate nature into decision-making, and ultimately support a shift in global financial flows away from nature-negative outcomes, toward nature-positive outcomes.

Supported by Frontierra and Global Canopy, Grupo SURA piloted the TNFD’s LEAP approach to identify and assess its indirect nature-related issues via investees’ clients. The pilot focused on applying the LEAP approach to assess Grupo SURA’s exposure to tropical deforestation through multiple sectors within its investment portfolio.

This pilot was an incredible learning opportunity for us to anticipate future challenges associated with the implementation of the TNFD recommendations. It allowed us to understand processes needed to identify and assess nature-related risks at investee level, and potential mitigation activities at organisational level, in line with our strategy as an investment manager seeking sustainable profitability framed in our integration of ESG issues in investing, financing and underwriting strategies.”

Lina Uribe, Sustainability Director, Grupo SURA

ENCORE is among the tools that Grupo SURA used to identify key environmental assets and ecosystem services in priority locations relevant to key investments in multiple potentially high impact sectors. Find out more about ENCORE and how it can support organisations undertaking the TNFD LEAP approach.

Grupo SURA also used Trase to map the geographic locations of where key agricultural commodities are sourced by companies in its investment portfolio.

Read the Grupo SURA case study, ‘Assessing the nature-related issues of investees’ clients as a Colombian investment management consortium’.

You can also watch a video filmed during Climate Week NYC 2023 where Grupo SURA shares its experience piloting the TNFD recommendations – specifically how to assess deforestation in investments using the TNFD LEAP approach’.

• Read the case study (EN)
• Leer el estudio de caso (ES)
• Ler o estudo de caso (PT)

Global Canopy is a founding partner of the TNFD, and was an official piloting organisation for the TNFD prior to the launch of the TNFD Final Recommendations in September 2023. We continue to provide technical expertise to the TNFD, and to build capacity among businesses and financial institutions, preparing them to get started with adopting the TNFD recommendations.

This case study was generously funded by NORAD.