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In 2023, OVO Energy committed to becoming an early adopter of the Taskforce on Nature-related Financial Disclosures (TNFD). To meet this commitment, the company needed to understand how its operations and value chain both depend on and impact nature. The challenge was to assess material dependencies, impacts, risks, and opportunities (DIROs) across OVO’s supply chain and energy portfolio — and use this insight to develop a coherent, organisation-wide nature strategy aligned with TNFD and emerging disclosure expectations.
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The Solution: Fola conducted a comprehensive DIRO assessment across its key supply chain activities, identifying nature-related risks and opportunities linked to business activities. We then applied a location-based analysis to OVO’s Power Purchase Agreement (PPA) sites, using spatial data and ecosystem integrity indicators to explore site-level impacts and dependencies. Building on these findings, Fola supported OVO to integrate nature considerations into its wider corporate strategy and reporting frameworks.
The Impact: Enabled a clear view of material dependencies, impacts, risks, and opportunities across OVO’s supply chain. Delivered location-specific insights at select PPA sites to inform risk management and disclosure readiness. Supported the development of a TNFD-aligned nature strategy, integrating existing initiatives into a cohesive roadmap for action.
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