Register for the training: Deforestation Disclosure Training for Financial Institutions
This online training will highlight key messages from the newly launched Deforestation Disclosure Guide for Financial Institutions, providing in-depth information on practical steps to disclose on financed deforestation and deforestation-related risks in portfolios. Attendees will receive step-by-step recommendations on carrying out deforestation-specific disclosure and integrating deforestation into climate- and nature-related disclosures, hear directly from standard setters and financial institutions on strategies to overcome common challenges in managing and disclosing deforestation and other land-use change risks.
When: 14 November 2024
15:00-16:00 CET / 9:00-10:00 EST / 11:00-12:00 Brazil
Register here: WBCSD Events – Deforestation Disclosure Training for Financial Institutions (salesforce-sites.com)
Deforestation impacts local and global climate, biodiversity, and ecosystem services, underscoring the critical link between deforestation and both climate- and nature-related risks and opportunities. A transition to net zero requires a significant reduction in deforestation and land-use change. Furthermore, financial risks from deforestation and land-use change are reaching the threshold of materiality for many companies and their finance providers. This guide offers practical steps for financial institutions to disclose these risks and risk management actions, including integrating deforestation risks into climate- and nature-related financial disclosures, and highlights the role of nature protection in net-zero transition plans.
Launched by the U.S. Department of State and led by WBCSD, the Forest Finance Risk Consortium (FFRC) unites financial institutions, deforestation-free finance experts, and nature- and climate-related risk disclosure professionals to help financial institutions eliminate financed emissions and nature loss driven by deforestation. This Guide represents the second publication of the coalition, aiming to support practitioners at financial institutions who are involved in climate- and nature-related risk assessment and management and related financial disclosure.
To support effective deforestation disclosure, the guide outlines four essential steps: adopting deforestation-free finance guidance, carrying out deforestation-specific disclosure, integrating these risks into climate- and nature-related financial disclosures and transition plans, and striving for comprehensive, holistic disclosure. It provides practical advice on disclosing material risks and risk management actions related to financed deforestation and land-use change, using tools like the Deforestation-Free Finance Roadmap and platforms such as CDP. Additionally, the guide details how to include deforestation risks in IFRS S2 and TNFD disclosures, meet mandatory reporting requirements, and highlights the role of nature protection in net-zero transition plans.