Jersey-man, Andrew Mitchell, Founder of Equilibrium Futures, is behind the launch of the Global Taskforce on Nature-related Financial Disclosures on Thursday 10th June this week.
If we do not change the movement of money, we will finance ourselves into extinction
Andrew, the Founder of Equilibrium Futures (Jersey) Limited and Senior Advisor to Global Canopy explained to Channel Eye: “If we do not change the movement of money, we will finance ourselves into extinction.
“The Taskforce on Nature-related Financial Disclosures (TNFD) framework presents a massive opportunity for the finance sector and corporate sector to work together to better understand their nature-related risks and opportunities.
“The crash in biodiversity worldwide leaves our economy on the brink of a precipice, compounded by the invisibility of the value of nature in data used to make financial decisions by investors, lenders and insurers. It is my hope that by 2023 the TNFD will offer a revolutionary framework to help redirect the world’s financial flows towards a nature-positive economy.”
The TNFD is a new market-led global initiative which aims to give financial institutions and companies a complete picture of their environmental risks. Better information will allow financial institutions and companies to incorporate nature-related risks and opportunities into their decision-making processes.
…to support a shift in global financial flows toward nature-positive outcomes.
In 2023, the TNFD will deliver a framework for organisations to report and act on evolving nature-related risks, in order to support a shift in global financial flows away from nature-negative outcomes and toward nature-positive outcomes.
The Taskforce will consist of approximately thirty members, with an equal representation of financial institutions and corporates from developed and emerging markets, as well as service providers.
Equilibrium Futures also drafted the sustainable finance strategy that led to the launch of Jersey Finance’s ‘Jersey for Good’ in March this year.
