Morgan Stanley and Stanford University have jointly introduced a unique tool aimed at enhancing sustainable business practices. This tool addresses the growing demand from companies and investors to understand the impact of their actions on natural assets, such as air, water, soil, and biodiversity. It aligns with recent recommendations on nature-related financial disclosures, highlighting its significance in the corporate world.
Morgan Stanley’s Institute for Sustainable Investing focuses on promoting responsible investment strategies to address global challenges, while Stanford University’s Natural Capital (NatCap) Project conducts research to improve both human well-being and nature through science-based approaches.
The newly launched ecosystem footprinting tool, available as open-source and free to access, calculates the impact of human-made structures on ecosystem services based on their physical footprint on the landscape. This tool assists businesses in making informed decisions when selecting locations for new developments by considering potential environmental impacts.
Recognizing the tool’s potential, the Taskforce on Nature-related Financial Disclosures (TNFD) is providing a case study by NatCap to guide further assessments of nature-related consequences and interdependencies.
The business sector is increasingly focused on transparency regarding nature loss and biodiversity, as evidenced by recent recommendations from the TNFD to strengthen nature-related risk management and disclosure.
By FCCT Editorial Team
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