One year on from the release of the Taskforce on Nature-related Financial Disclosures’ recommendations, more than 400 organisations – including 63 from the UK – have committed to begin reporting on nature-related issues. And just two weeks ahead of the COP16 global biodiversity summit, new guidance from IEMA will help simplify the process, allowing small businesses to adapt to making nature-related disclosures. The new guidance document, Business Actions on TNFD: A primer on roles and reporting using the Taskforce on Nature-related Financial Disclosures Framework, has been published by IEMA as…
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GRI and TNFD make reporting on biodiversity easier
Global Reporting Initiative (GRI) and the Taskforce on Nature-related Financial Disclosures (TNFD) have published a joint interoperability mapping resource that gives a detailed overview of alignment between the TNFD Disclosure Recommendations and metrics and the GRI Standards. Over the past two years, the TNFD and GRI have worked closely together to support the development of each other’s guidance – notably GRI input into the TNFD Recommendations published in September 2023, and TNFD input into the recently published GRI Biodiversity Standard. Responding to feedback from market participants, the TNFD and GRI…
Read MoreTNFD releases fourth and final beta framework
The Taskforce on Nature-related Financial Disclosures (TNFD) releases its fourth and final beta framework for nature-related risk management and disclosure. This release marks the fourth (v0.4) and final draft of the framework with the TNFD on track to publish its final recommendations in September 2023. For the first time, market participants can view a full representation of the framework, including the Taskforce’s proposed approach to disclosure metrics. Since the start of its work in October 2021, the TNFD’s open and iterative approach to the design and development of the framework…
Read MoreTNFD Releases First Beta Version of Nature-related Risk Management Framework for Market Consultation
The Taskforce on Nature-related Financial Disclosures (TNFD) has released the first beta version of its nature-related risk-management and disclosure framework, marking an important step by the market to tackle the risk of nature-loss to the global economy and reduce the impact on nature. With half of the world’s GDP moderately or highly dependent on nature and its services, financial institutions and businesses can no longer afford to overlook nature in strategy, risk management and capital allocation decision making. Dependencies and impacts on nature are posing risks to businesses, investors, and…
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