TNFD Recommendations LEAP-A2: A2 Adjustment of existing risk mitigation and risk and opportunity management

Additional guidance, suggested and not required to adopt the recommendations; supports Strategy A to C and Risk and impact management A to C. Which existing risk mitigation and management processes and elements apply and how should they be adapted (risk inventory, taxonomy, metrics and data, tools, assessments, responses, tolerance criteria and reporting)? Apply five integration principles (location-based, interconnections, temporal orientation, proportionality, consistency), decide whether nature risks are stand-alone, cross-cutting drivers or both, use the TNFD risk and opportunity register templates, consider systemic risk exposure and contribution, and recommend register updates and risk owners to senior management; financial institutions align internal reporting and credit, market, liquidity and operational risk systems (BCBS-style) and review stewardship and client due diligence.