Key Impact Points:
- New global initiative aims to build insurance sector resilience to biodiversity loss
- Equips supervisors with TNFD tools, data, and disclosure frameworks
- Backed by UNDP, TNFD, and KPMG to align insurance oversight with global biodiversity goals
Global Push to Strengthen Biodiversity Risk Supervision
UNDP’s Sustainable Insurance Forum (SIF), the Taskforce on Nature-related Financial Disclosures (TNFD), and KPMG have launched a new global capacity-building programme, NATURE-INSURE, aimed at helping insurance supervisors tackle the growing threat of biodiversity and ecosystem risks to financial systems.
As nature loss becomes a material risk across economies, the NATURE-INSURE initiative will build supervisory capabilities and foster nature-conscious oversight aligned with the Global Biodiversity Framework and the SDGs.
Practical Tools for Supervisory Readiness
The programme explores how biodiversity degradation affects insurance markets and introduces tools such as TNFD’s LEAP approach. Supervisors will learn to apply nature-related data, metrics, and disclosure frameworks across real-world insurance oversight scenarios.
Marcos Neto, UN Assistant Secretary-General and Director of UNDP’s Bureau for Policy and Programme Support, emphasized:
“The NATURE-INSURE programme couldn’t be more timely. The financial sector, and especially insurance, must be equipped to recognise and act on the material risks and opportunities tied to nature.”
A Joint Call for Awareness and Action
Backed by leading global institutions, the programme promotes international knowledge exchange on emerging supervisory practices.
Daniel Wang, SIF Chair and Executive Director for Insurance at the Monetary Authority of Singapore, stated:
“NATURE-INSURE reflects SIF’s commitment to advancing supervisory readiness in the face of complex environmental challenges.”
Candice Dott, Director of Market Engagement at TNFD, added:
“Embedding nature in financial decision-making starts with awareness and capacity building. NATURE-INSURE will help supervisors navigate the evolving reporting landscape, apply TNFD’s LEAP approach, and drive impact across the insurance value chain.”
“As biodiversity loss accelerates, insurance supervisors face more complex risks and new opportunities. By furthering their understanding of nature-related risks, NATURE-INSURE aims to support more resilient insurance systems and nature-positive investment strategies.” Sarah Nelson – Global Lead Director, Nature and Biodiversity, KPMG International
Related Article: Over 500 Companies Adopt TNFD Framework for Nature, Biodiversity Risk Reporting
Follow SDG News on LinkedIn
