Tag: TNFD

IFRS Foundation and TNFD formalise collaboration to provide capital markets with high-quality nature-related information

Stuart Mitchell

The IFRS Foundation and the Taskforce on Nature-related Financial Disclosures (TNFD) have announced that they have signed a Memorandum of Understanding (MoU) signalling both parties’ commitment to build upon the TNFD recommendations in the ongoing work of the International Sustainability Standards Board (ISSB), to enable nature-related financial disclosures for use by capital markets. The ISSB will consider the relevance of the TNFD recommendations in meeting the needs of global capital markets. The ISSB has been a TNFD Knowledge Partner since the inception of the TNFD in late 2021 and its…

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TNFD adoption now over 400 organisations and new sector guidance released

Stuart Mitchell

The Taskforce on Nature-related Financial Disclosures (TNFD) announced today at London Climate Action Week (LCAW) a 30% increase in adopters of their corporate reporting recommendations since January and released a suite of sector guidance, including recommended sector-specific disclosure metrics, to support reporting by companies and financial institutions. The additional 96 organisations announced today  brings the total number of companies already committed to disclose their material nature-related issues to investors and other stakeholders based on the TNFD recommendations to 416. Drawn from over 50 jurisdictions and across 62 of 77 SICS…

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TNFD releases fourth and final beta framework

Stuart Mitchell

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…

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TNFD expands capabilities with new Taskforce members, Knowledge and Funding Partners

Stuart Mitchell

The Taskforce on Nature-related Financial Disclosures (TNFD) expands capabilities with new Taskforce members, Knowledge and Funding Partners The Taskforce on Nature-related Financial Disclosures (TNFD) adds seven new members from leading global organisations to its Taskforce. TNFD also adds two new knowledge partners to the group of leading science organisations and standards bodies supporting TNFD. The Macdoch Foundation has joined the TNFD as a new strategic funding partner and will join the TNFD Stewardship Council. Three new TNFD Consultation Groups have been established: in Brazil, Colombia and France. New Taskforce members …

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TNFD Releases First Beta Version of Nature-related Risk Management Framework for Market Consultation

Stuart Mitchell

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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