Costs associated with the relocation of operations and suppliers due to physical nature-related risks.
Unit
: Currency
Indicator
: Capital allocated to managing nature risks and opportunities
Metric Type
: Pressure
Frameworks alignment notes
none
TNFD A8.5
Target example
[Company name] aims to reduce the costs associated with relocating operations and suppliers due to physical nature-related risks by [target amount, absolute or percentage] by [target year], compared to a [baseline year] baseline
Target Source: WBCSD target template
Sector
Built Environment
Value chain stage
Manufacturing
Metric assessment
Relevance:Medium
Feasibility:Low
Related Actions
Develop and implement sourcing guidelines that prioritize sustainable commodities and suppliers committed to sustainable practices
Carefully consider nature-related impacts, dependencies, risks and opportunities when establishing new operations, taking water risks and proximity to areas of significant biodiversity value into account. Embed biodiversity and water risk assessment criteria into the decision-making process when selecting new sites or expansions and prioritize action according to conservation hierarchy in locations that meet the criteria