transcript
show notes
Disclosures on nature were never meant to be the destination.
In this episode of rewiggle, I speak with David Craig, Co-Chair of TNFD, (Taskforce on Nature-related Financial Disclosures), recently appointed to the Court at the Bank of England, about the harder question: how does understanding our dependence on nature actually change where our money goes?
For example, viewed from a pure operational risk-resilience lens, a data centre without water cannot operate. A chip manufacturer without clean water cannot make chips. A hotel can value its rooms, but where on its balance sheet is the coral reef or pristine beach that fills them? Is there actually a practical way to reflect the value of reefs in financials?
Hear David share an effective and feasible way to do this by asking “what happens to our revenues, costs and asset values when the nature we depend on stops working?”
And on the other side of that risk lies opportunity: new technologies in water, materials, recycling and agriculture etc. that could create the next generation of billion-dollar businesses.
Threading it together, at the end of the podcast, you'll get a clearer idea of how disclosures can lead to changes in decision-making and and empower investors/fund managers to align capital allocation in nature positive directions.
