Using Forest IQ data to help financial institutions undertake the Locate, Evaluate, Assess and Prepare (LEAP) approach of the Taskforce on Nature-related Financial Disclosures (TNFD).
As nature-related risks and environmental accountability become critical in today’s financial landscape, Forest IQ offers a unique solution for financial institutions and soft-commodity companies. This comprehensive data platform, developed by the Zoological Society of London (ZSL), Global Canopy and Stockholm Environment Institute (SEI), helps financial institutions enable their transition to deforestation-free financial portfolios.
What you’ll learn in this report
- The strengths and limitations of the Forest IQ platform
- Adoption of the LEAP approach as outlined by TNFD
- How financial institutions are currently using Forest IQ and its associated tools in the context of the TNFD
- How to overcome the limitations of self-reported data using satellite-based assessments for data verification
Case studies and real world examples
Insights from leading financial institutions, including Schroders, Robeco, Federated Hermes, and Storebrand, demonstrating how they apply Forest IQ data to manage deforestation and ecosystem-related risks. By aligning with the LEAP approach outlined by TNFD, these institutions illustrate the practical steps and challenges in identifying and addressing nature-related risks within their portfolios.
Recognising the limitations of self-reported data, the report explores how satellite-based verification can enhance the reliability of deforestation insights. Through case studies of select companies, the report sheds light on the additional layers of assessment needed to verify corporate commitments to zero deforestation.
Who is this report relevant to?
This report is key for financial institutions and soft-commodity companies. Financial institutions can use Forest IQ to align with TNFD’s LEAP framework, strengthening their approach to deforestation risk. Soft-commodity companies gain insights into investor expectations, helping them align practices with sustainable finance standards and regulatory trends.
Forest IQ’s focus beyond deforestation
While the primary focus is on deforestation and ecosystem conversion, Forest IQ provides essential insights into associated human rights risks, offering a gateway for companies to advance on their TNFD journey. With over 2,000 companies assessed, the platform brings together data from SPOTT, Forest 500, and Trase, consolidating crucial metrics in one central location.
For a more in-depth look at how Forest IQ can transform your approach to managing nature-related risks, download the full report.
