The Nature Tools Compass
All economic actors depend on and impact nature. Businesses, financial institutions and regulators are increasingly taking measures to better understand nature-related dependencies, impacts, risks and opportunities. Choosing the right tools to support a nature assessment can, however, be challenging.
The Nature Tools Compass addresses this challenge by providing an overview of over 70 tools and recommendations on how they can be helpful in different phases of nature assessment. It was developed as part of the SUSTAIN – Strengthening Understanding and Strategies of Business to Assess and Integrate Nature – project based on research led by UN Environment Programme World Conservation Monitoring Centre (UNEP-WCMC).
All tools included in the Nature Tools Compass are licensed for commercial use and offer a free-of-charge access option. Each tool is mapped to the relevant phase of the LEAP approach developed by TNFD. The LEAP approach can help organizations prepare for reporting in line with TNFD as well as other standards and frameworks. These include the International Sustainability Standards Board (ISSB) Standards, GRI Standards, European Sustainability Reporting Standards (ESRS) and Science Based Targets Network (SBTN).
The Nature Tools Compass provides two tailored pathways:
- A business pathway, designed for corporate nature assessments.
- A finance pathway, designed for financial institutions and also relevant for regulators assessing sectoral or macroeconomic exposure to nature-related risks and opportunities.
The final section of the Nature Tools Compass includes descriptions of all featured tools with key information on the tools and their limitations as well as links to more detailed information.
As the Nature Tools Compass aims to support businesses, financial institutions and regulators with activities in different parts of the world, it primarily features nature tools with global coverage. Organizations are encouraged to look for national and regional tools and datasets that are relevant to their geographical footprint.
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