acct90031

Ba

ckg
round to th
is as
signme
nt

T
he
Taskf
orce on
N
ature
–
related Fin
ancial Disclosures
(
TNFD)
report
ed in
S
eptember 2
023
1that
nature is deteriorating
globall
y, and biodiversity is declining faster than at any time in
human history.
The major
ity of
the
vital ecosystem
services on which business and society
depend, and
which provide
the foundation for every economy, are
in decline.
Nature has increasingly become
a core
governance
issue that needs to be consider
ed as part
of the strateg
ic, operational and
capital allocation decisions of business and finance
.Organisation
s need to
consider and disclose
nature-related depend
ences and impacts
, hownature-related risks and
opportunities
may evolve
, and their
potential
business implications
.This is typically achieved
through its
knowledge of its value chain as well as its capacity to
identify and assess its nature
-related issues.In
their 2023 report
, the TNFD has identified 1
4 recommendations
regarding the disclosure
of information relating to the
ir governance,
strategy,
risk and impact management and its
use of metrics and targets in relation to material nature
-related dependencies, impacts, risks
and opportunities.
To
facilitate the implementation of the
TNFD’s
recommendation
s, the TNFD, in consultation
with
other
s
2, provides guidance
on the identification and assessment of
nature-relatedIssues
via the TNFD’s
L
E
AP integrated
assessment approach
3.
The
guidance outlin
es how to1 TNFD (2023)
Recommendations of the Taskforce on Nature
-related Financial Disclosures
, September 2023.
Available at:Recommendations_of_the_Taskforce_on_Nature
-related_Financial_Disclosures_September_2023.pdf
(tnfd.global)
2 Others included
knowledge partners and
providers of relevant existing frameworks to develop
an integrated
approach for the assessment of nature
related issues.3 TNFD (2023) Guidance on the identification and assessment of nature-related Issues: The TNFD LEAP
approach, Version 1.1 October 2023
. Available
at:

identify,
assess,
manage and disclose nature
related issues under the LEAP approach byusing the following four phases of assessment
:1. Locate the company’s
interface with nature
across geographies, sectors and value
chains;2. Evaluate
the company’s
dependencies and impacts on
nature;
3. Assess
nature
-related risks and opportunities
to the
company
; and4.
Prepare to respond to, and report on, material
nature-related issues to the primary
users
of financial
reports
and other
stakeholders
, aligned
with the TNFD’srecommended disclosures.
The LEAP approach is described graphically below:
Guidance_on_the_identification_and_assessment_of_nature-related_Issues_The_TNFD_LEAP_approach_V1.1_October2023.pdf

Source:
TNFD (2023) Guidance on the identification and assessment of nature-related Issues: The TNFD LEAPapproach, Version 1.1 October 2023
, Page 9
. Available at:
Guidance_on_the_identification_and_assessment_of_nature-related_Issues_The_TNFD_LEAP_approach_V1.1_October2023.pdfYour assignment task
The C
EO of you
r allocated compan
y is performing some preliminary work in relation to the
potential implementation of TNFD’s Disclosure recommendations.
Assume that you are a
consultant and have been hired by the CEO of your
allocated company to prepare a r
eportand perform a presentation to management and the board of directors regarding the
implementation of the TNFD’s LEAP approach in relation to identification, assessment,
management and disclosure of nature related issues affecting
your allocated company, and

the primary industry in which it operates.
The CEO requires you to use publicly available information about the company and the
industry within which it operates,
and to perform
your analysis
using the 4 phases of the
TNFD LEAP integrated assessment a
pproach.
The CEO advises that
for the purpose of your analysis
, you are required to perform the
following tasks:
1. Introduce the company
and the industry within which it operates
, the scope of the
analysis to be performed
and discuss your choice of the level of analysis (i.e., whole
-of-business, single subsidiary,
business segment
or a single facility)
.2. Provide a brief overview of the LEAP approach and discuss how materiality will be
assessed for the analysis.
3. Identify
company operations where there are
potentially material sources of nature
-related dependencies, impacts, risks and opportunities.
As part of this analysis,
consider sector
, value chain and geographic location
issues (LEAP Phase 1 – Locate)4. Evaluate the company operations where there are
potentially material dependencies
and impacts on nature.
The analysis must identify and assess
the environmental
assets and ecosystem services on which it depends and from which its business
processes generate value. This includes its upstream and downstream value chains.
It should also identify and assess
the impact drivers its organisation has that affect
environmental assets and the provision of ecosystem services and could affect its
dependencies and wide
r society.
(LEAP Phase 2 – Evaluate).
5. Identify and prioritise the nature
-related physical, transition and systemic
risks andopportunities to the company originating from the dependencies and impacts on
nature identified in the Locate and Evaluate phases.
Also, consider the financial risks
and opportunities that may arise from the nature
-related risks and opportunitiesidentified and identify potential risk mitigation strategies
and other potentialresponses
available to the
company.
(LEAP Phase 3 – Assess)6
.
Discuss how the company
should respond to the material nature
-related issuesidentified in the LEAP approach, including what to disclose and how to disclose the
material issues identified.
(LEAP Phase 4 –
Prepare to Report
)7.
Obtain a copy of the most
recent year Sustainability Report or Annual Report
discussion regarding sustainability for your allocated company. Identify and discuss
any modifications
required to the allocated company’s sustainability reporting to
incorporate
your findings from
Section
s
3 to
6 above
.
8
.
Provide a summary
of the major findings from the analysis performed in LEAP
Phases
1 to 4
,
and the modifications required to the current sustainability report
. Be sure to
highlight and clearly state all recommendations.
It should be noted that t
he analysis can be performed using either a whole of company
approach, by subsidiary
, by business segment,
or by business facility.
Your analysis should
note the following
:

• Your analysis for this report must be
consistent with the TNFD LEAP approach and
should make
use of processes and procedures discussed in TNFD Disclosure
Recommendations and TNFD Technical documents.
• When
performing your analysis in
LEAP Phases 1 to 4, you should consider and adapt
(where applicable)
the industry information provided
by the TFND in the sector
guidance provided on the TNFD web
site
( https://tnfd.global/tnfd
-publications/?_sft_framework
-categories=additional
-guidance-by-sector#search
-filter
) and consider the completeness of any sustainability reporting already
performed by the allocated company.
It is not sufficient to simply summarise the
TNFD sector guidance information as the report must be specific to your allocated
company.• In LEAP Phases 1 to 4, the report does not need to include specific quantitative
projections of financial impacts. However, it should clearly identify and explain the
expected materiality of any anticipated financial impacts arising from the nature
-related issues ident
ified and describe the impacts on a qualitative basis.
All
majorassumptions
must be clearly stated
.• Company responses to the specific nature
-related risks should be as detailed as
possible and you are expected to provide specific
assessment of information
tailored
directly
to the characteristics of your company. For example, it is not sufficient for you
to argue that the company should designate a committee of the board of directors to
address nature risks. You may wish to consider: How do strategies and operations
need to c
hange? What mechanisms will the company have to put in place to
accomplish these c
hanges?
Deliverables for this Assignment
The Major Assignment for this subject will be a Group Assignment which will require two
deliverables:
1. Group assignment written
report.
2. Group assignment final verbal
presentation.
Details for each as shown below.
Deliverable No 1
Group assignment written report
: 4000
words.
You are required to
complete a professional
-standard report that must address each of the
areas of analysis in Sections 1 to
7 above, and provide a summary and makerecommendations as per
Section 8, including all supporting arguments. The report’s content
in Sections 1 to 7 should i
nclude the relevant analysis leading to and supporting these
recommendations. You may wish to provide detailed support in appendices.

Please note that the
written report must include the following components:
1. a Title Cover Sheet for the report;
this should include all group members’ names and
student IDs, as well as your seminar stream;
2. an Executive Summary which highlights the scope of the report,
provides a summary
of the work performed, identifies
significant findings from the research and analysis
and reports the primary recommendations. This should be a stand
-alone document
about the content of the report (typically 1
-2 pages)
;
3. a Table of Contents;
4. an appropriate report Introduction that discusses the purpose of the report, the report
structure (which should reflect the scope of work performed) and any report
limitations;
5. the body of the report
which must
include the outcomes of the research and analysis
in Sections 1 to 8;6.
all findings and
recommendations in Section
9 should be clearly stated and supported
by the research and analysis performed and reported in
Sections 1 to 8 (typically 2
-3pages);7.
Appendices should be used as required;
and8.
a bibliography should be included.

TNFD（https://tnfd.global/wp-content/uploads/2023/08/Rec…）

LEAP https://tnfd.global/wp-content/uploads/2023/08/Rec…
this is a group report, u only need to do introduction, Locate, Prepare and recommendation part.