ENCORE: Exploring Natural Capital Opportunities, Risks and Exposure

Year Published

2024

Contributing Organizations

United Nations Environment Programme Finance Initiative (UNEP-FI)

Global Canopy

UNEP World Conservation Monitoring Centre (UNEP-WCMC)

Type of Resource

Tool

Languages

English

Relevant Topics

Core Topic

Nature

Topic 2

Risks & Opportunities: The Business Case

Topic 3

Risk Management

Target Audience

Asset Owners

Asset Managers

Banks

Insurers

Real Economy Corporates

Relevant Geography

Global

Resource Description

ENCORE is a free online tool that helps organizations assess nature-related risks by identifying their dependencies and impacts on nature. Its biodiversity module supports financial institutions in aligning agriculture and mining activities with global nature goals and serves as an entry point to frameworks like the TNFD.

Why This Matters

Nature loss creates systemic financial risks, yet no unified framework existed to guide action—until the TNFD. ENCORE offers a practical entry point for financial institutions to begin evaluating and managing nature-related risks, helping shift financial flows away from nature-negative outcomes and toward nature-positive investment strategies.

Key Insights

ENCORE helps financial institutions assess nature-related impacts and dependencies across sectors
It supports the “Evaluate” step in the TNFD’s LEAP approach, aiding portfolio-level risk assessment
Nature underpins ~$44 trillion of global GDP, yet most financial institutions are early in understanding nature risks
ENCORE has been widely used by banks and asset managers and is evolving to align with the final TNFD recommendations
The tool enables both high-level and detailed assessments using internal and ENCORE data