Nature loss, and the market and policy responses to it, pose risks and opportunities for companies as well as financial institutions.

Organisations need better information to incorporate nature-related risks and opportunities into their strategic planning, risk management and asset allocation decisions.

The TNFD, which launched in June 2021, is developing and delivering a risk management and disclosure framework for organisations to report and act on evolving nature-related risks, with the ultimate aim of supporting a shift in financial flows away from nature-negative outcomes and towards nature-positive outcomes.

The TNFD framework integrates existing standards, metrics and data into an overarching global framework.

To ensure the framework is practical and globally relevant for market participants, the TNFD is adopting an open innovation approach that encourages them to get involved in the development process by reviewing, piloting and providing feedback on prototypes.

The Taskforce released v0.1 of the TNFD beta framework in March 2022, followed by v0.2 in June 2022 and v0.3 in November 2022. V0.4 was published in February 2023.

The final framework was published on September 23, 2023, following an international survey of 239 respondents from 36 countries and 11 different sectors. The framework is broken down into 14 recommended disclosures divided into 4 pillars (governance, strategy and financial planning, risk and impact management, metrics and targets). These recommendations cover the nature dependencies, impacts, risks and opportunities of the organizations.

 
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Taskforce members

The Taskforce consists of 40 individual Taskforce Members, representing financial institutions, corporates, and market service providers with US$20,6trn in assets in over 180 countries.  

The Taskforce is supported by : 

  • The TNFD Forum, a consultative grouping of over 700 institutional supporters.
  • The TNFD knowledge partners, a group of 16 leading scientific organisations and standard setting bodies
  • TNFD Consultation Groups, informal groups convened in select countries and regions to expand outreach and engagement

 

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