Asking better questionson nature
As a result of the increasing frequency and extent of nature-related risks and opportunities, directors’
duties have been shown to encompass the identification and management of nature-related issues.
As a board member, managing your organisation’s dependencies and impacts on nature is part of your core legal duties to exercise loyalty, care and diligence. Moreover, it is part of your role of driving forward a company strategy that ensures the long-term financial viability of the organisation.
As with other complex and fast-moving issues like artificial intelligence and cybersecurity, managing
nature-related issues including but going beyond climate change requires board members to
regularly ask management for information on their approach to managing nature-related
dependencies, impacts, risks and opportunities, while building their own board knowledge about
nature-related issues. Asking better questions is not only essential to identifying the nature-related issues, but can play a critical role in creating accountability across the business and help to reduce biased
decision-making in the boardroom
How to use this guide
This ‘Asking Better Questions on Nature’ guide is designed to help board members surface the decision-useful information they need to ensure that nature-related issues are being appropriately incorporated into the company’s governance, strategy, risk management and capital allocation decision making. The guide is structured around a short list of questions that you might wish to consider at board meetings and ask company executives, and the sort of information that you should expect from the corresponding answers. They have been identified by the TNFD and its partner organisations based on discussions with experienced executive and non-executive board directors of leading organisations that are already considering climateand nature-related issues.
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