🌍 What is the TNFD? 🌍 We understand that organisations will be at different stages of their nature journey. But as many are already experiencing nature-related issues today, the most important step is getting started. The Taskforce on Nature-related Financial Disclosures (TNFD) is a global initiative focused on integrating nature into corporate decision-making. Our recommendations and guidance will enable businesses and finance to assess, report and act on their nature-related dependencies, impacts, risks and opportunities. 📚 To support organisations in taking the first steps on their journey towards making nature-related disclosures, here is a helpful set of “TNFD 101” resources, materials, and tools to get you started. 🖥 TNFD 101 webinar series - Rewatch and register for our upcoming 101 webinar series introducing the TNFD Recommendations, Additional Guidance, and core concepts: ◼ Introduction to the TNFD ➡ https://lnkd.in/gDsTF32F ◼ Introduction to the TNFD’s LEAP Approach – assessing nature-related issues ➡ https://lnkd.in/gxAinP_g 🛣 Getting started with the TNFD recommendations - Explore our guidance on getting started with your TNFD reporting journey: ◼ Download guidance ➡ https://lnkd.in/eUTZZZpk ◼ Watch the webinar ➡ https://lnkd.in/gseHfuHE 🎓 The Knowledge Hub - Access our entire Resource database, full Webinar library, and more learning resources: ◼ Explore today ➡ https://lnkd.in/gr8Rcfb9 To keep up to date with new guidance, tools, and developments sign up to our newsletter or consider joining the TNFD Forum: 🗞 Newsletter - https://lnkd.in/gZ8FytJY 🏫 TNFD Forum - https://lnkd.in/etK_NwpB #TNFD #NaturePositive #Sustainability #Biodiversity #CorporateResponsibility #EnvironmentalImpact #FinancialInstitutions #BusinessLeadership
Taskforce on Nature-related Financial Disclosures (TNFD)
Financial Services
Enabling better nature-related risk management, corporate reporting and capital allocation.
About us
The Taskforce on Nature-related Financial Disclosures (TNFD) has developed a set of disclosure recommendations and guidance that encourage and enable business and finance to assess, report and act on their nature-related dependencies, impacts, risks and opportunities. The recommendations and guidance will enable businesses and finance to integrate nature into decision making. Our aim is to support a shift in global financial flows away from nature-negative outcomes and toward nature-positive outcomes, aligned with the Global Biodiversity Framework. Launched in 2021, TNFD released the first beta versions its framework for consultation and feedback between March 2022 and March 2024. Over the two-year design and development phase leading to the publication of the TNFD recommendations in September 2023, it received feedback from over 60 countries. Over 200 pilot tests of a prototype framework were conducted by business and financial institutions around the world across sectors, geographies and biomes. TNFD published its final recommendation in September 2023.
- Website
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https://tnfd.global
External link for Taskforce on Nature-related Financial Disclosures (TNFD)
- Industry
- Financial Services
- Company size
- 11-50 employees
- Type
- Nonprofit
- Founded
- 2021
- Specialties
- ESG, banking, business, finance, nature, biodiversity, investment, water, natural capital, sustainability, risk management, disclosures, reporting, and nature positive
Employees at Taskforce on Nature-related Financial Disclosures (TNFD)
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Raviv Turner
Founding Member @Nature Tech Collective, Nature Data Working Group @TNFD, #Nature & #RegenAg Tech Investor
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David Craig
Co-Chair TNFD, founder and former CEO Refinitiv. Financial industry advisor and board member, technology, data and sustainable finance. Private…
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Sebastien Soleille
Global Head of Energy Transition and Environment at BNP Paribas
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Candice Dott
Director of Market Engagement at the Taskforce on Nature-related Financial Disclosure (TNFD)
Updates
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Taskforce on Nature-related Financial Disclosures (TNFD) reposted this
🔍 What is the ongoing IPBES Business and Biodiversity Assessment about? The Business and Biodiversity Assessment is a groundbreaking methodological evaluation designed to help businesses better understand their relationship with nature. Its aim? To better inform policymakers and help businesses measure and mitigate their impacts on nature. By supporting the global biodiversity goals and sustainable development, this assessment report will be a vital tool for creating a more sustainable future.🌱 The Assessment will: 📌 Offer a typology of methods to identify and measure nature´s contributions to businesses and the impacts of business on biodiversity. 📌 Assess the appropriateness of those methods for different types of companies and different levels of decision-making within companies. 📌 Offer options for action: Provide actionable options for businesses to manage dependencies and impacts in response to both financial needs and transformative change for societal and nature's benefits. 📌 Identify changes in the enabling environment that would support business in achieving transformative change. Do you want to help us create a sustainable future? 🔗 Participate in the external review and be a part of the solution: https://lnkd.in/eNyNQpK6 #Biodiversity #Sustainability #Business #IPBES #Nature #IPBESStakeholders #BizBiodiversity
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Taskforce on Nature-related Financial Disclosures (TNFD) reposted this
A growing number of financial authorities have been considering the potential implications of nature-related risk, including degradation of nature and biodiversity loss. We are delivering to the G20 meeting in Rio a stocktake of regulatory and supervisory initiatives associated with the identification and assessment of nature-related financial risks. Our report provides insights on authorities’ approaches, recognising the early stage of work on nature- related financial risks and the diversity of authorities’ mandates. 🌐 https://lnkd.in/eWj2R3X2 #NatureRelatedRisks #BiodiversityLoss #ClimateChange #FinancialStability
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Taskforce on Nature-related Financial Disclosures (TNFD) reposted this
Fantastic engagement in Mexico across a number of sessions with leading financial institutions and corporates. Special thanks to our Taskforce member organisation Grupo Financiero Banorte and the team at BIOFIN - Biodiversity Finance Initiative for organising a terrific program of meetings Taskforce on Nature-related Financial Disclosures (TNFD) Jose Luis Muñoz Mauricio Gámez Alonso Martinez Alba Aguilar Serafin Martinez Jaramillo Mariuz Calvet Consejo Mexicano de Finanzas Sostenibles Laura E Aguirre Tellez Alianza Mexicana de Biodiversidad y Negocios (AMEBIN) Alan Gómez BEATRIZ SANCHEZ COVARRUBIAS
It was a pleasure to welcome Tony Goldner in Mexico, for a 2-day visit to showcase the benefits of the Taskforce on Nature-related Financial Disclosures (TNFD) with relevant stakeholders in the Mexican business, financial and regulatory arena. #TNFD was presented as practical, global and comprehensive framework for companies and financial institutions to identify, measure and disclose nature-related risks and opportunities in their operation and portfolios. Grupo Financiero Banorte is proud to be the first early adopter of TNFD in Mexico, and Tony’s visit willl definitely help to promote a broader adoption of this framework in our country. Thank you Tony Goldner, Mauricio Gámez Alonso Martinez, #Biofin, Consejo Mexicano de Finanzas Sostenibles, Alba Aguilar, Serafin Martinez Jaramillo, Maricarmen Bonilla, Laura E. Aguirre, Asociación de Bancos de México ABM, A. C. , Fabrizio López Gallo Dey, #Banxico, SHCP Alianza Mexicana de Biodiversidad y Negocios (AMEBIN), Daniel Sánchez y Sánchez, BEATRIZ SANCHEZ COVARRUBIAS, Estela Patiño, Aurora Reyes Juárez, Daniel Cortés Suárez.
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Following the release of the TNFD recommendations in September 2023, organisations around the world have started making nature-related disclosures aligned to the 14 TNFD recommended disclosures. Organisations can now submit their TNFD-aligned disclosure reports for listing on our website. 📤Submit a TNFD-aligned report - https://lnkd.in/gxeYRNBb 📒 Example TNFD reports -https://lnkd.in/gdtYJx3Y This list is designed to showcase organisations' early reporting experience. As the FSB Task Force on Climate-related Financial Disclosures (TCFD) did, it is an illustrative list of example reports only so that companies and financial institutions across geographies and sectors can see how other organisations are getting started with their TNFD reporting. These reports include one or more TNFD elements but are not necessarily considered fully in line with the TNFD recommendations. *Please note, the TNFD does not endorse or evaluate the quality of these reports and this listing is for the purposes of knowledge sharing only. #TNFDReporting #NautreReporting #TNFD #SustainableFinance #Disclosure
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Taskforce on Nature-related Financial Disclosures (TNFD) reposted this
More than two dozen eminent Australian scientists have called on the Australian Government to commit significant federal funding towards nature in a whole page ad in The Australian. Read their statement here: https://lnkd.in/ghJAiuUp Have you seen their plea Tanya Plibersek, Anthony Albanese, Jim Chalmers and Jenny McAllister? The signatories are: Hugh Possingham, brendan wintle, Richard Kingsford, Saul Cunningham, John Woinarski, Lesley Hughes, James Fitzsimons, Patrick O'Connor, Jess Marsh, David Lindenmayer, Kate Umbers, Jamie Pittock, PhD, Sarah Legge, Don Driscoll, Stephen van Leeuwen, Barry Traill, Chris Johnson, Christopher Dickman, Stephen Garnett, Professor Euan Ritchie, Mark Lonsdale, James Watson, mike letnic, Sarah Bekessy, Michelle Ward, Philip Gibbons Biodiversity Council Director James Trezise said, “Monitoring for the last 25 years has shown that threatened species in Australia have been declining at 2% per year. If Australia’s GDP declines for just two quarters, we call it a recession – imagine the outcry if it was declining for 25 years. “There is one simple solution to the extinction crisis – investing in species and habitat recovery. If we invested just 1% of the federal budget in nature, we could stop that decline by 2030. Without it, we will not meet our global commitment.” Australia has rightly committed to 30 by 30, as our long-term community, environmental and economic health depends on it. Getting there will take more than fine words. It's time to follow through on whats needed.
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How should boards and directors be responding to the quickly evolving nature landscape? We are hosting a webinar this Thursday, July 11, to help Board members and Directors respond to their evolving duties related to nature. 📅 11 July 2024 🕛 09:00 - 10:00 New York | 14:00 - 15:00 London | 15:00 - 16:00 Paris | 21:00 - 22:00 Singapore Register online 👉 https://lnkd.in/g-RA8VXj This webinar will cover how directors’ duties are evolving to include nature-related issues and the role the TNFD recommendations and related guidance can play to support directors’ duties. Tony Goldner will host a panel of experts including: ◼️ Sarah Barker, Managing Director, Pollination Law ◼️ Helle Bank Jørgensen, GCB.D, CCB.D and NACD.DC, CEO and Founder, Competent Boards ◼️Cynthia Williams, Executive Director, Commonwealth Climate and Law Initiative (CCLI) Ahead of the session, we recommend downloading TNFD in a Box: Board level overview 🔽 https://lnkd.in/gcgt2Qpf #TNFD #Nature
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📢 Draft sector guidance is now open for consultation and feedback Organisations, market participants and other interested stakeholders can now provide feedback online on five new sector guidance drafts. 📅 Feedback is open until 27 September. This guidance is published in draft for consultation with market participants and other interested stakeholders. The Taskforce will review all feedback, and the TNFD will issue the final sector guidance by 30 December 2024. 🔽 Explore all guidance open for consultation 🔽 https://lnkd.in/eMdDTrub ◾ Apparel, accessories and footwear ◾ Beverages ◾ Construction materials ◾ Engineering, construction and real estate ◾ Fishing This draft guidance supplements the TNFD’s Guidance on assessing nature-related issues — the LEAP approach — and should be read in conjunction with that guidance (https://lnkd.in/gtQttgqR). Feedback is particularly welcomed on how to improve the guidance, whether the proposed sector metrics are decision-useful and proportionate, and any suggestions for additional metrics. We look forward to receiving feedback from all interested stakeholders. If you have any questions please contact - feedback@tnfd.global #TNFD #Nature #SustainableFinance #Feedback
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📢 New guidance on value chains published Addressing the nature-related issues of businesses and financial institutions through their value chains is critical if we are to succeed in achieving the goal of the Kunming-Montreal Global Biodiversity Framework to halt and reverse nature loss by 2030. 🔽 Download today 🔽 https://ow.ly/hl2E50SvLeY Responding to market demand for further guidance on how to get started with value chain assessment of nature-related issues, this guidance builds on a discussion paper on the TNFD’s proposed approach to value chains published in September 2023 and incorporates feedback from a wide range of market participants after an extensive consultation period. The guidance includes: ◼️An outline of value chain characteristics that can create challenges in assessing nature-related issues ◼️How organisations can approach these issues using the LEAP approach ◼️An overview of data needs for assessing value chains and how to address them ◼️How related disclosure frameworks and standards approach value chains Since September 2023, we have produced several pieces of guidance to support the implementation of the TNFD LEAP approach alongside other useful resources and tools. Navigate all the guidance and tools here ➡️https://ow.ly/Swtq50SvLeZ WBCSD – World Business Council for Sustainable Development Business for Nature United Nations Environment Programme Finance Initiative (UNEP FI) UNEP-WCMC Global CanopyWorld Economic Forum
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🏢 Boards and Nature: The evolving landscape for director’s duties Next Thursday, #TNFD hosts a webinar designed to support board members and directors on their evolving duties. 📅 11 July 2024 🕛 09:00 - 10:00 New York | 14:00 - 15:00 London | 15:00 - 16:00 Paris | 21:00 - 22:00 Singapore 💻https://lnkd.in/g-RA8VXj Nature is now considered a strategic risk management and governance issue for companies and financial institutions. Physical and transition risks are materialising with greater frequency and severity, customer expectations are shifting, investors are asking more questions and regulators are moving forward with new nature-related corporate reporting requirements. How should boards and directors be responding to this quickly evolving landscape? This webinar will cover how directors’ duties are evolving to include nature-related issues and the role the TNFD recommendations and related guidance can play to support directors’ duties. Tony Goldner will host a panel of experts including: ◼️ Sarah Barker, Managing Director, Pollination Law ◼️ Helle Bank Jørgensen, GCB.D, CCB.D and NACD.DC, CEO and Founder, Competent Boards ◼️Cynthia Williams, Executive Director, Commonwealth Climate and Law Initiative (CCLI) Ahead of the session, we recommend downloading TNFD in a Box: Board level overview 🔽 https://lnkd.in/gcgt2Qpf We look forward to seeing you there - https://lnkd.in/g-RA8VXj Competent Boards Institute of Directors (IoD) Australian Institute of Company Directors NACD (National Association of Corporate Directors) Principles for Responsible Investment WBCSD – World Business Council for Sustainable Development The Generation Foundation Singapore Institute of Directors The Hong Kong Institute of Directors Chapter Zero
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