Unveiling nature-related business risks and opportunities

Nature-related risks and opportunities increasingly shape business performance. Forestry companies depend directly on healthy ecosystems, and investors, regulators and customers now expect to see how those dependencies and impacts are assessed and managed.

The Taskforce on Nature-related Financial Disclosures (TNFD) LEAP framework (Locate, Evaluate, Assess, Prepare) sets out what to assess. The harder part is turning it into an assessment that is repeatable, scientifically defensible and useful to the business.

In this webinar, West Fraser, the National Council for Air and Stream Improvement, Inc. (NCASI), Pollination and Earth Blox share what they learned from West Fraser’s TNFD-aligned assessment. The assessment covered 21 Forest Management Units and the mill sites they supply across Alberta, and the forest sector methodology behind it is now published for others to use.

You’ll learn:

• Why West Fraser undertook the assessment and the value it delivered for the business
• How to move from the TNFD LEAP framework to a practical, repeatable assessment approach
• What makes an assessment scientifically defensible, from data quality and ecological context to transparent disclosures on limitations and areas for ongoing development
• How the assessment can work in practice, with a walkthrough of the geospatial analysis
• Lessons learned, and how West Fraser is feeding the results into operational decisions