- The fight against climate change is essential but not sufficient to guarantee the future of the planet
From this year onwards, ACCIONA will report data in line with the standards set by the Taskforce on Nature-related Financial Disclosures (TNFD), a voluntary initiative aimed at developing a framework for companies to integrate impacts, risks and opportunities related to the natural environment into their decision-making.
With this commitment, ACCIONA takes another step forward in its biodiversity strategy. The company, which has been a member of the TNFD forum since its creation, has participated in the preparation of the recently published specific guide for the engineering, construction and real estate sector.
By adopting TNFD's voluntary standards, ACCIONA will expand the information it already reports on its implemented regenerative measures and action programs regarding biodiversity. It will also include new indicators, such as its total spatial footprint (land use) and maps that reflect the state of the natural environment in relation to the company's projects.
ACCIONA thus joins the ranks of companies leading the opportunity to develop indicators and metrics to assess the components that affect biodiversity loss, such as climate change or pollution. The ultimate goal is to create standards that help channel investment flows towards activities that have a positive impact on the natural environment.
The Future of Nature and Business Report of the World Economic Forum (WEF) estimates that the economy’s transition to activities with a positive impact on nature could generate more than US$10 trillion in annual business value and 395 million jobs by 2030. Conversely, the loss of biodiversity and the deterioration of natural resources jeopardizes economic activities that generate half of the world's Gross Domestic Product (GDP).
The fight against climate change is essential but not sufficient to guarantee the future of the planet, so it is key, according to the WEF, to take global action to preserve nature in three fundamental aspects: the use of food, land and oceans; the construction of infrastructure; and electricity generation and raw material extraction.