Oliver Wyman – A case study on nature data

The importance of nature to African societies and the economy is highlighted in the introduction to Oliver Wyman's case study. Africa is rich in natural capital and indigenous knowledge but is facing alarming rates of biodiversity loss due to key drivers of change. Global initiatives such as the Global Biodiversity Framework and Taskforce on Nature-related Financial Disclosures aim to address this issue, aligning with existing disclosure standards. Banks, as major financiers, play a crucial role in shifting financial flows to halt nature loss and promote positive outcomes. Various methodologies have been developed to measure the impact and dependencies of financial institutions on biodiversity. The TNFD Africa pilot program, involving financial institutions in Africa, focuses on guiding institutions through the TNFD framework to assess nature and biodiversity risks accurately. The Development Bank of Southern Africa has developed an approach to pinpoint these risks associated with large-scale projects, providing valuable insights for organizations financing projects in Africa. Empowering institutions to assess nature and biodiversity risks accurately is crucial for sustainable development and environmental stewardship in Africa.