EFRAG Collaborations with other ESG Frameworks
On 30 September, EFRAG and the recently launched TISFD, signed a cooperation agreement to advance social-related financial disclosures.
BiodiverCities by 2030 is an economic report designed by WEF, assesses economic, social and ecological functions in cities, in an effort to advance impact. The report intends to highlight actionable solutions and stipulates the shifts required for cities to prioritise nature in their decisions on infrastructure, governance, economy, health and wellbeing.
Here are some of the key findings and recommendations:
44% of global GDP in cities ($31 trillion) is estimated to be at risk of disruption from nature loss, and more than 1.4 billion people living in the world’s largest urban centres are threatened by natural hazards.
By investing in Nature-based Solutions (NbS) for infrastructure - such as prioritising reforestation to smother heat waves or flooding from storms - cities can derive significant benefits.
$583 billion investment opportunity in nature could generate $1.5 trillion in annual business value for investors by 2030, and possibly significantly more with the introduction of new technologies and markets. This investment could create more than 59 million jobs by 2030 – equivalent to 1.5% of the projected global labour force.
Click here to read BiodiverCities by 2030: Transforming Cities’ Relationship with Nature.