Resources aimed at increasing investor action on nature have proliferated as the topic has grown in importance in recent years. On this page, we highlight a range, by no means exhaustive, of key resources in this area, produced by both the PRI and external authors.

 

Background and learning resources

Title
Description
Organisation
Thematic Area
Asset Class
Region
Kunming-Montreal Global Biodiversity Framework
A global framework aimed at the conservation and sustainable utilization of biodiversity, adopted by 196 parties in 2022 at the UN Biodiversity Conference (COP15).
Convention on Biological Diversity
Biodiversity
All
Global
The Economics of Biodiversity. The Dasgupta Review
A comprehensive review that delves into the economic aspects of biodiversity.
UK Government
Biodiversity
All
United Kingdom
Global Assessment Report on Biodiversity and Ecosystem Services
A comprehensive report assessing the state of global biodiversity and ecosystem services. Aimed at governments, policy-makers, and scientists.
IPBES
Biodiversity
All
Global
Stepping Up on Biodiversity: What the Kunming‑Montreal Global Biodiversity Framework means for responsible investors
This resource helps investors understand the implications of the Kunming-Montreal Global Biodiversity Framework.
PRI, UNEP FI and FfB
Biodiversity
All
Global
Nature Risk Rising. Why the Crisis Engulfing Nature Matters for Business and the Economy.
A report that highlights the financial risks of the ongoing biodiversity crisis, aimed at businesses and investors.
WEF
Nature
All
Global

Metrics, tools and datasets

Title
Description
Organisation
Thematic Area
Asset Class
Region
ENCORE
ENCORE is a tool provided by the ENCORE Partnership (Global Canopy, UNEP Finance Initiative, UNEP-WCMC) that allows financial institutions to discover their impacts and dependencies on natural capital.
ENCORE Partnership
Biodiversity
All
Global
Forest 500
This database ranks the most influential companies driving tropical deforestation through cattle, timber, soy, and palm oil supply chains.
Global Canopy
Deforestation
Fixed-income, listed equity
Global
Global Forest Watch Pro
A tool that allows organizations to monitor and manage forest-related activities. Aimed at businesses, NGOs, and governments.
World Resources Institute (WRI)
Deforestation
All
Global
GRI 101: Biodiversity 2024
This GRI standard helps organisations better understand which decisions and business practices lead to biodiversity loss, where in their value chain impacts occur, and how they can be managed.
GRI
Biodiversity, Reporting
All
Global
Integrated Biodiversity Assessment Tool (IBAT)
This tool provides data for assessing biodiversity risks in various settings, including proximity to protected areas, key biodiversity areas, and threatened species.
IBAT Alliance
Biodiversity
All
Global
Living Planet Index
This index provides metrics and indices to assess the health of planet's biodiversity. It is widely used to inform policy and conservation efforts.
Zoological Society of London and WWF
Biodiversity, Measurement
All
Global
Inevitable Policy Response (IPR)
Aims to prepare institutional investors for the portfolio risks and opportunities associated with a forecast acceleration of policy responses to climate change and nature loss.
Energy Transition Advisors
Nature, Scenarios
All
Global
Mapping natural capital depletion
This PRI resource offers guidance on how investors can identify and manage risks related to the depletion of natural capital, such as water, soil, and air quality.
PRI and UNEP-WCMC
Nature
All
Global
Sustainable Palm Oil Transparency Toolkit (SPOTT)
SPOTT provides a transparency toolkit for sustainable palm oil, a significant concern when it comes to biodiversity loss.
Zoological Society of London
Deforestation
All
Global
TNFD Tools Catalogue
This tool from TNFD helps investors access data that is essential for making nature-related financial disclosures.
TNFD
Nature
All
Global
Trase
Trase offers a data-driven platform that helps investors understand supply chain risks, including biodiversity loss associated with commodity trading.
SEI and Global Canopy
Deforestation
All
Global
Nature Risk Profile
This provides a methodology to profile nature-related dependencies and impacts.
UNEP-WCMC
Nature
All
Global
Nature Benchmark
This provides a benchmark measuring corporate performance on sustainability and biodiversity.
World Benchmarking Alliance
Biodiversity
All
Global
Biodiversity Risk Filter and Water Risk Filter
Two separate tools designed to assist investors in evaluating biodiversity-related risks and water-related risks.
WWF
Biodiversity; Freshwater
All
Global
Guide on Biodiversity Measurement Approaches
A guide aimed at finanical institutions, outlining the key biodiversity measurement approaches with their advantages and disadvantages.
Finance for Biodiversity
Biodiversity, Measurement
All
Global
SBTN sectoral materiality tool
This tool helps users carry out a first screening of environmental impacts that are potentially material relevant to the sector and business activities.
SBTN and UNEP-WCMC
Nature, Measurement, Targets
All
Global
Forest IQ
A data platform for financial institutions looking to track and address their links to deforestation.
Global Canopy, Stockholm Environment Institute, ZSL
Deforestation, Engagement
All
Global
Aqueduct
This is a data platform, with tools that help companies, governments, and civil society understand and respond to water risks – such as water stress, variability from season-to-season, pollution, and water access.
WRI
Water
All
Global

Guidance, standards and frameworks

Title
Description
Organisation
Thematic Area
Asset Class
Region
Carbon Disclosure Project (CDP)
A reporting framework for companies and cities to measure and manage their environmental impacts, including carbon emissions. Sections on biodiversity, forests and water have been added to the framework.
CDP
Biodiversity; Deforestation
/Forests; Water; Reporting
All
Global
Investor Initiatives for Sustainable Forests - Engagement Results
This report focuses on sustainable forest initiatives and provides results of investor engagement in this sector. It aims to inform future engagements related to biodiversity.
PRI
Deforestation, Engagement
All
Global
Investor Water Toolkit
A toolkit offering guidance on water-risk assessment and management for investors. Provides templates and case studies.
Ceres
Water
All
Global
International Finance Corporation’s (IFC) Performance Standard 6
This standard sets out expectations for projects that have environmental and social risks, including impacts on biodiversity.
IFC
Biodiversity
All
Global
International Sustainability Standards Board
Works towards establishing global sustainability standards, including metrics for biodiversity.
ISSB
Biodiversity; Reporting
All
Global
Taskforce on Nature-related Financial Disclosures: TNFD
The TNFD provides disclosure recommendations specifically for nature-related impacts, dependencies, risks and opportunities.
TNFD
Nature, Reporting
All
Global
Nature target setting framework for asset managers and asset owners
This report provides investors with practical guidance on setting targets related to nature.
Finance for Biodiversity Foundation
Biodiversity; Targets
All
Global
Beyond ‘Business as Usual’: Biodiversity Targets and Finance
This report discusses how the finance sector can go beyond typical practices to set meaningful biodiversity targets.
UNEP
Biodiversity; Targets
All
Global
TNFD Additional Guidance for Financial Institutions
This document provides additional guidance for financial institutions to apply the TNFD Disclosure Recommendations.
TNFD
Nature, Reporting
All
Global
Guidance on the identification and assessment of nature-related issues: the LEAP approach
This document provides guidance on the integrated approach that TNFD has developed for the identification and assessment of nature-related issues, called the LEAP approach. It is designed for use by organisations of all sizes and across all sectors and geographies.
TNFD
Nature, Measurement, Reporting
All
Global
Deforestation-Free Finance Sector Roadmap
This Roadmap recommends the key steps needed for financial institutions to eliminate commodity-driven deforestation, conversion, and associated human rights abuses from their portfolio by 2025.
Deforestation-Free Finance
Deforestation
All
Global
The Climate-Nature Nexus: An investor guide to expanding from climate- to nature-data
This investor guide presents three steps that financial institutions can follow to use existing tools and datasets to screen investments for exposure to nature-related risks.
UNEP-WCMC and Finance for Biodiversity
Nature
All
Global
Prioritising nature-related disclosures: considerations for high-risk sectors
A guidance document for investors looking to assess and manage nature risks among the in the highest risk sectors.
UNEP FI and UNEP-WCMC
Nature, Reporting
All
Global
Assessing Nature-Related Issues in Sovereign Debt Investment
This is tailored guidance for financial institutions regarding the identification and assessment of nature-related dependencies, impacts, risks, and opportunities emanating from their sovereign debt exposures.
NatureFinance
Nature
Sovereign Debt
Global
Act Now! The why and how of biodiversity integration by financial institutions
A practical guide on how to integrate biodiversity into financing activities and decision-making, including how to start measuring impact and setting targets.
Finance for Biodiversity Foundation
Biodiversity
All
Global
Integrating biodiversity into private equity
A practical guide for management companies to integrate biodiversity into the private equity investment cycle and into their strategies and management approaches.
FranceInvest
Biodiversity
Private Equity
France
Seeing the forest for the trees
A practical guide for financial institutions to take action against deforestation and conversion risks.
WWF
Deforestation
All
Global
Guide on engagement with companies
A guide to support financial institutions in engaging with companies on biodiversity topics, with an overview of collaborative engagements (periodically updated).
Finance for Biodiversity Foundation
Biodiversity , Engagement
All
Global

Discussion and research papers

Title
Description
Organisation
Thematic Area
Asset Class
Region
Indebted to Nature: Exploring Biodiversity Risks for the Dutch Financial Sector
A study examining the financial risks associated with biodiversity loss, with a focus on the Dutch financial sector.
Dutch Central Bank and Netherlands Environmental Assessment Agency
Biodiversity
All
Netherlands
A “Silent Spring” for the Financial System? Exploring Biodiversity-related Financial Risks in France
This study examines the financial risks related to biodiversity loss, specifically in the French context.
French Central Bank
Biodiversity
All
France
Mainstreaming of Biodiversity in the Infrastructure Sector
Offers guidance for incorporating biodiversity considerations into infrastructure projects. Targeted at planners and decision-makers in infrastructure. Published in 2018.
CBD
Biodiversity
Infrastructure
Global
Investor action on biodiversity
This report outlines the case for and potential ways in which investors can take action on biodiversity.
PRI
Biodiversity
All
Global
Nature-related Financial Risks: a Conceptual Framework to guide Action by Central Banks and Supervisors
Conceptual paper produced by NGFS outlining nature based scenarios
NGFS
Nature, Scenarios
All
Global
Natural Capital and Biodiversity - Where are UK Asset Owners on their Journey?
This report looks at where UK asset owners, in particular pension funds, are on their journey of incorporating biodiversity and natural capital into their investment decision-making.
Pensions for Purpose
Nature
All
Global
State of Finance for Nature
The State of Finance of Nature tracks global trends in public and private investment in nature-based solutions, aiming to improve data quality and identify opportunities for governments, businesses and financiers.
UNEP, Global Canopy and ELD
Biodiversity Finance
All
Global
An Exploration of Nature-Related Financial Risks in Malaysia
This report assesses the exposure of Malaysian banks to sectors and regions that are highly vulnerable to nature-related risks.
World Bank and Bank Negara Malaysia
Nature, Accounting
All
Malaysia
Nature and financial institutions in Africa: A first assessment of opportunities and risks
This report proposes opportunities to redefine Africa’s economic model to sufficiently leverage its natural capital, and to redesign Africa’s financial system so that critically needed investments can be made in nature, climate resilience, and associated opportunities to improve livelihoods.
FSD Africa
Biodiversity
All
Africa
Biodiversity Footprint for Financial Institutions: Exploring Biodiversity Assessment in 4 cases
The Biodiversity Footprint Financial Institutions (BFFI) is a tool developed to measure the impact of financial institutions on biodiversity. In this report, the BFFI tool was applied to four different cases in the financial sector to gain insights
Government of the Netherlands
Biodiversity
All
Netherlands
Global biodiversity scenarios: what do they tell us for biodiversity-related financial risks?
This paper aims to review and compare existing quantitative biodiversity scenarios and models on a global scale that could help map Nature-Related Financial Risks (NRFRs).
Agence Française de Développment
Biodiversity, Scenarios
All
Global
Nature-Related Financial Risks in Brazil
This paper explores how and to what extent Brazilian banks are exposed to the loss of biodiversity through their lending to non-financial corporates.
World Bank
Nature, Accounting
All
Brazil
Nature policy roadmap: Policy recommendations for scaling up investor action for nature
This discussion paper sets out the importance of nature to economic and social systems, its relevance to responsible investors and the PRI’s approach to nature policy.
PRI
Nature, biodiversity
All
Global

Case Studies

Title
Description
Organisation
Thematic Area
Asset Class
Region
Accounting for Biodiversity: Towards measuring and valuing the biodiversity impacts of financial investments
This working paper seeks to provide a real-world application to exhibit how biodiversity metrics are being used for the ongoing development of ADM Capital’s Asia Climate-Smart Landscapes Fund (ACLF).
ADM Capital Foundation
Freshwater
Infrastructure
Global
Sustainable by Nature Sequel: Our Portfolio Biodiversity Footprint
BNP Paribas AM have disclosed their findings on how to determine a biodiversity footprint, in collaboration with Iceberg.
BNP Paribas
Biodiversity, Measurement
All
Global
Finance Sector Supplement to the Natural Capital Protocol: BNP Paribas Asset Management Seafood Case Study
A case study that explores sustainable seafood management practices. Created in collaboration with Capitals Coalition.
BNP Paribas
Marine
All
Europe
An introduction to how investors can manage deforestation risk
This case study provides an overview of deforestation risks and how investors can manage them.
Storebrand Asset Management
Deforestation
All
Global
Making Deforestation Due Diligence Work in Practice: A practical methodology & implementation guidance for financial institutions
This guidance is tailored to financial institutions for support their deforestation due diligence and large-scale assessments across portfolio companies.
Climate & Company, AP2, Global Canopy
Deforestation, Due Diligence
Listed equity
Global

If you know of relevant resources for ‘The Investing for Nature: Resource Hub’, to make a submission contact us. Once submitted, the resource goes through a moderation process to ensure each resource is relevant and accurate for publication.