TNFD: A Risk and Disclosure Framework
The Taskforce on Nature-related Financial Disclosures (TNFD) have a goal to deliver a risk management and disclosure framework for organisations to report and act on nature-related risks.
Nature loss presents financial risks to organisations. More than half of the world’s economic output – US$44tn of economic value generation – is moderately or highly dependent on nature. Nature loss therefore represents significant risk to corporate and financial stability. The first beta version of the TNFD framework marks an important step by the market to tackle the risk of nature loss and incorporate nature-related risk and opportunity analysis into the heart of corporate and financial decision making. G7 Finance Ministers and the G20 Sustainable Finance Roadmap are amongst those that have endorsed TNFD.