Nature-related Finance

Global Canopy is one of four Founding Partners of the Taskforce on Nature-related Financial Disclosures (TNFD), alongside UNDP, UNEP FI and WWF. Together, we formed the initiative to bring together the Taskforce in 2020.

The TNFD has gone on to develop a set of disclosure recommendations and guidance that encourage and enable business and finance to assess, report and act on their nature-related dependencies, impacts, risks and opportunities. Since its recommendations launched in 2023, more than 733 organisations throughout the world have committed to nature-related reporting — including asset managers overseeing US$22.4 trillion in assets under management and publicly-listed companies with a total market capitalisation of US$9.416 trillion.

Global Canopy continues to support the TNFD on its Stewardship Council and as a knowledge partner, collaborating on capacity building, case studies and reports including the Evidence review on the financial effects of nature-related risks.

The ENCORE Insights: Country Dashboard is the first free online tool that brings together data quantifying how the economic health of countries and their sectors depend on nature domestically and internationally. 

The dashboard provides a first step in macroeconomic risk assessment, spotlighting how countries may suffer financially from nature degradation. It pinpoints the sectors that are the most exposed, and shows the extent of exposure originating at home compared with abroad.

Underpinned by a framework developed by Global Canopy, and in collaboration with UNEP-WCMC and UNEP FI, the dashboard brings together ENCORE with multi-regional input – output models to quantify countries’ exposure to financial risk from nature degradation at home and abroad, and pinpoint critical economic sectors that are most exposed.

New data will be added to the ENCORE Insights: Country Dashboard later in 2026 that will quantify countries’ exposure to financial risk from nature degradation at home and abroad across socio-economic indicators including consumption, employment and exports. More countries will be added over time.

The ENCORE Insights: Country Dashboard is being developed by Global Canopy as part of the Nature-3B consortium. This project has received funding from the European Union’s Horizon Europe research and innovation programme under grant agreement No. 101182455. ENCORE Insights is a project of ENCORE.

The State of Finance for Nature report series is produced through a partnership between Global Canopy, the UN Environment Programme, and the ELD Initiative.

The series aims to provide clarity, data and insights on the amount of public and private capital directed toward nature-based solutions and toward nature-negative activities, alongside estimates of future public and private finance needs. 

The State of Finance for Nature 2026 report found that for every US$1 invested in protecting nature, US$30 is spent destroying it.

As part of the Leveraging Earth Observation for Nature Finance (LEON) project, financed by the European Space Agency (ESA).

Global Canopy is leading a pilot that explores how financial institutions can use earth observation (EO) data about the state of nature at sites in the agrifood sector to inform their capital allocation and stewardship decisions, and support implementation of nature-related frameworks including the Taskforce on Nature-related Financial Disclosures (TNFD). 

A focus for the pilot is how EO data can be used to assess and monitor the state of nature at locations where reliable information is often difficult to access, and to improve location-specific biodiversity estimates. 

Global Canopy will use outcomes from the pilot, which ends in September 2026, to clarify the formats and visualisation types of EO data that best support financial institutions to undertake nature-related assessments aligned with frameworks such as the TNFD, and stewardship-led client engagement. Insights on formats and visualisation types will inform our future work on the topic across the organisation, including in Trase.