Percentage increase in insurance costs due to nature-related loss and damage in the previous year.

Unit

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: Percentage (%)

Indicator

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: Capital allocated to managing nature risks and opportunities

Metric type

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: Pressure

Framework alignment notes

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GBF Target 5, Target 9
TNFD A8.3

Target example
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[Company name] aims to limit the annual increase in insurance costs due to nature-related loss and damages in the prior year to no more than 5%.

Target source: WBCSD target template

Sector

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Built Environment

Value chain stage

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Manufacturing

Metric assessment

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Relevance: Medium

Feasibility: Low

Related actions

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Invest in building and site resilience

Invest in building and site resilience

Description

Value chain stage

Manufacturing

Sector of stage operator

Built Environment

How the action applies

E.g., thermal comfort with natural shading, green roofs for passive heating and cooling.

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

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

Description

Value chain stage

Manufacturing

Sector of stage operator

Built Environment

How the action applies

Coming soon