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Taskforce on Nature-related Financial Disclosures

The Taskforce on Nature-related Financial Disclosures (“TNFD”) was established in 2021 in response to the growing need to factor nature into financial and business decisions. The TNFD is a global market-led initiative with a mission to develop and deliver a risk management and disclosure framework for organisations to report and act on evolving nature-related risks and opportunities, with the ultimate aim of supporting a shift in global financial flows away from nature-negative outcomes and toward nature-positive outcomes.

Swire Properties is one of 40 TNFD Global Taskforce Members. We are also involved in the initiative’s Infrastructure and Real Estate Working Group and the Supply Chain Working Group, helping to formulate the overall framework and contribute to collective nature-positive goals. We recognise biodiversity and nature loss as an emerging risk to our businesses. The health of the ecosystem affects the availability of natural resources and land conditions, and thereby our ability to generate value for our stakeholders.

In September 2023, the TNFD framework was published, in response to the growing need to factor nature into financial and business decisions. To demonstrate our strong support to TNFD, Swire Properties became one of the 320 companies of the inaugural Early Adopter programme, committing to disclose our nature-related impacts, dependencies, risks and opportunities in Sustainability Report 2023. In 2023, we conducted a screening of our global portfolio using biodiversity indicators, to define a priority list and nature profile, and explore our business impact and dependencies on nature. We then began to develop a list of associated nature-related risks and opportunities in accordance with the “LEAP” (Locate, Evaluate, Assess, Prepare) approach – an integrated assessment process for nature-related risks and opportunities management.

Learn more about our TNFD partnership and disclosures here.