Led by Japan, Taiwan and Australia, Asia accounts for 42 per cent of global firms that intend to begin reporting against the Taskforce for Nature-related Financial Disclosures framework. But many still do not see nature as a material issue.
Globally, a movement to endow natural ecosystems with legal rights is growing. Observers say Asia’s judges might be more culturally disposed to rule in favour of nature, but they need to be equipped with knowledge on the latest trends.
A high level joint statement issued at the Dubai meeting underscores the urgency of putting nature and biodiversity loss at the heart of climate action, with new funding announced.