Just like how carbon disclosures have been accepted or mandated by market players and regulators, participants must now do the same to embrace coming nature-related disclosures, Kernohan tells The Edge Singapore. “We have to be prepared to disclose and accept regulation around disclosure of nature in order to hold the whole system accountable.”
The fragmented universe of measurement standards and disclosure frameworks around greenhouse gas emissions are coalescing, with regulators from the UK to Singapore requiring corporates to report their carbon footprint in line with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD).
Now, the next challenge is to measure nature, says Brian Kernohan, chief sustainability officer for private markets at Manulife Investment Management (MIM). “If we’re able to measure nature, both our impact and our dependencies on it, the next piece that all of these actors need to do is disclose [this information].”
