Boliden and TNFD: Mapping biodiversity in the mining industry

Photo: BOLIDEN

Boliden turned to Ecogain for expert support in a pilot project within the framework of the global mining industry organization ICMM. The assignment was to implement TNFD (Task Force on Nature-related Financial Disclosures) at a specific site: Liikavaara, and thus map Boliden's impact on nature in a concrete and tangible way.

"Ecogain's expertise and commitment have been invaluable in our work with the TNFD. They have helped us to understand and map our impact on nature in a concrete and tangible way."
-
Sara Carlsén, client at Boliden

Boliden faced the challenge of navigating the complex reporting requirements on biodiversity and ecosystem services, which have been further refined with the upcoming requirements of ESRS E4.

TNFD analysis using LEAP methodology

Ecogain supported Boliden by delivering an initial analysis of Liikavaara's impacts and dependencies on nature. We used the LEAP methodology, which is part of the TNFD framework.

We also participated in the ICMM forum to provide insights and feedback on the final version of the TNFD, published on September 18, 2023.

Forward momentum for both roadmap and reporting

Our work with Boliden has resulted in concrete deliverables that not only meet current needs, but also pave the way for future sustainability initiatives.

  • Completed TNFD analysis for Liikavaara

  • Analysis for further work on biodiversity and ecosystems under CSRD/ESRS

Boliden now has a solid foundation to continue implementing its biodiversity roadmap. The TNFD analysis has also given them the tools to transform existing data from Swedish legal requirements to the upcoming ESRS E4 reporting requirements.


Here you can read more about TNFD

Susanne B Olsson