The next phase - nature reporting

In what year did the TNFD launch?

2019

2015

2023

2011

What does TNFD stand for?

Taskforce on Natural Financial Disclosures

Treaty on Natural Financial Disclosures

Treaty on Nature-related Financial Disclosures

Taskforce on Nature-related Financial Disclosures

Why is nature-related reporting more complex than climate-related reporting?

There is no universal agreement on what is meant by 'nature'

It requires a much larger number of metrics

There are no international standards relating to its reporting

It requires reporters to have a foundational knowledge of science

Which of the following statements is true? Statement 1, the Kunming-Montreal Global Biodiversity Framework will eventually replace IFRS S1 and S2, or statement 2, the framework's targets apply to governments only

Statement 2

Neither statement

Statement 1

Both statements

How many targets does the Kunming-Montreal Global Biodiversity Framework have?

15

17

23

19

Under Target 15 of the Kunming-Montreal Global Biodiversity Framework, what must governments do?

Integrate biodiversity in decision-making at every level

Ensure that large organisations make disclosures on biodiversity

Restore 30 per cent of all degraded ecosystems

Scale up positive incentives for biodiversity

What is the first step for accountants in initiating nature-related reporting?

All of the other answers

Securing management commitment

Implementing IFRS S1 and IFRS S2 into reporting practices

Signing up to the Kunming-Montreal Global Biodiversity Framework

When should the Kunming-Montreal Global Biodiversity Framework's four overarching goals be met by?

2030

2040

2050

No date is given

Which is the biggest challenge facing accountants in implementing nature-related reporting?

Implementing new technology

Building a strong business case internally

There are a number of major challenges

Ensuring that greenwashing does not occur

Which of the following statements is true? Statement 1, sustainable practices are generally more costly to businesses, or statement 2, nature-related reporting enables accountants to manage financial risks better

Neither statement

Statement 2

Both statements

Statement 1

The next phase - nature reporting

In what year did the TNFD launch?

What does TNFD stand for?

Why is nature-related reporting more complex than climate-related reporting?

Which of the following statements is true? Statement 1, the Kunming-Montreal Global Biodiversity Framework will eventually replace IFRS S1 and S2, or statement 2, the framework's targets apply to governments only

How many targets does the Kunming-Montreal Global Biodiversity Framework have?

Under Target 15 of the Kunming-Montreal Global Biodiversity Framework, what must governments do?

What is the first step for accountants in initiating nature-related reporting?

When should the Kunming-Montreal Global Biodiversity Framework's four overarching goals be met by?

Which is the biggest challenge facing accountants in implementing nature-related reporting?

Which of the following statements is true? Statement 1, sustainable practices are generally more costly to businesses, or statement 2, nature-related reporting enables accountants to manage financial risks better

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