📢 At the UN Biodiversity #COP16 in Colombia, we will announce the next cohort of TNFD Adopters. With over 400 organisations already committed to making TNFD-aligned disclosures, we encourage corporates and financial institutions to register as TNFD Adopters and join us as we celebrate and celebrate progress in nature-related corporate reporting at COP16. 𝐖𝐞 𝐢𝐧𝐯𝐢𝐭𝐞 𝐨𝐫𝐠𝐚𝐧𝐢𝐬𝐚𝐭𝐢𝐨𝐧𝐬 𝐭𝐨 𝐫𝐞𝐠𝐢𝐬𝐭𝐞𝐫 𝐨𝐧𝐥𝐢𝐧𝐞 𝐛𝐞𝐟𝐨𝐫𝐞 𝟏𝟏 𝐎𝐜𝐭𝐨𝐛𝐞𝐫 𝐚𝐧𝐝 𝐛𝐞 𝐚𝐧𝐧𝐨𝐮𝐧𝐜𝐞𝐝 𝐚𝐬 𝐚𝐧 𝐀𝐝𝐨𝐩𝐭𝐞𝐫 𝐚𝐭 #𝐂𝐎𝐏𝟏𝟔. 🤝 Become a TNFD Adopter - https://lnkd.in/eWXFXC9d 🗓️ Deadline - 11 October Join the hundreds of leading organisations that have already signalled their intent to start making nature-related disclosures in their corporate reporting aligned with the TNFD recommendations. Full list of TNFD Adopters - https://lnkd.in/dfe42gNV ◾400+ TNFD Adopters to date ◾$6tr Global Market Capitalisation ◾$15.8tr Assets Under Management ◾25% of the Global Systemically Important Banks (G-SIBs) ◾Adopters representing 81% of the SICS Industries #UNBiodiversity #TNFD #NatureDisclosure #COP16
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 Partner @NatureX Studio, Founding Member @Nature Tech Collective, Nature Data Group @TNFD, #Nature & #RegenAg Tech Investor
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David Craig
Co-Chair TNFD. Triple Private Equity IC Chair. Founder and former CEO Refinitiv. Financial industry advisor and investor - technology, data…
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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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In June, the Taskforce published Draft sector guidance for five real economy sectors. We welcome feedback on this draft guidance and encourage market participants and other interested stakeholders to complete the online surveys. All feedback will be reviewed, analysed and will contribute to shaping the final guidance, which is scheduled for publication in December 2024. 📅 Feedback closes on the 27 September. You can access all the Draft sector guidance documents here (https://ow.ly/kmF750Tcx41), or simply follow the links below to access the publications and their feedback surveys: ◾ Apparel, accessories and footwear - https://ow.ly/RbsJ50TcwNU ◾ Beverages - https://ow.ly/vsvb50TcwNV ◾ Construction materials - https://ow.ly/S9A450TcwNQ ◾ Engineering, construction and real estate - https://ow.ly/UsCR50TcwNP ◾ Fishing - https://ow.ly/aVLX50TcwNT We look forward to receiving feedback from all interested stakeholders. If you have any questions, please contact - [email protected] #TNFD #Nature #SustainableFinance #Feedback
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Taskforce on Nature-related Financial Disclosures (TNFD) reposted this
🌍 Exciting News! Very proud to announce the release of our second multi-tool study, which dives deep into the biodiversity impacts and dependencies of 2,300 global equity companies and industries. This analysis leverages data from various footprinting approaches, offering insights into how businesses interact with nature. Join us for the launching webinar on October 2nd at 3 PM CEST to explore the findings and understand how this data can drive meaningful action by investors. 🔗 Register here: https://lnkd.in/etegPw5Y #ImpactAnalysis #BiodiversityFinance Finance for Biodiversity
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𝐖𝐡𝐚𝐭 𝐢𝐬 𝐨𝐮𝐫 𝐚𝐩𝐩𝐫𝐨𝐚𝐜𝐡 𝐭𝐨 𝐦𝐚𝐭𝐞𝐫𝐢𝐚𝐥𝐢𝐭𝐲❓ It is our goal at TNFD to make our recommendations applicable to as many market participants as possible. The TNFD recommendations have been designed to be relevant across jurisdictions and the different approaches to materiality in use. ◼️ 𝐒𝐭𝐚𝐫𝐭 𝐛𝐲 𝐜𝐨𝐧𝐬𝐢𝐝𝐞𝐫𝐢𝐧𝐠 𝐝𝐞𝐩𝐞𝐧𝐝𝐞𝐧𝐜𝐢𝐞𝐬 𝐚𝐧𝐝 𝐢𝐦𝐩𝐚𝐜𝐭𝐬 𝐨𝐧 𝐧𝐚𝐭𝐮𝐫𝐞 We recommend that all organisations start their assessment by considering their dependencies and impacts on nature; understanding dependencies and impacts is fundamental to understanding nature-related risks and opportunities. The report preparer can then apply their approach to materiality to the results of this analysis according to their preferences, regulatory requirements and the needs of intended report users. ◼️𝐀𝐩𝐩𝐥𝐲𝐢𝐧𝐠 𝐚𝐧 𝐢𝐦𝐩𝐚𝐜𝐭 𝐦𝐚𝐭𝐞𝐫𝐢𝐚𝐥𝐢𝐭𝐲 𝐚𝐧𝐝 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐦𝐚𝐭𝐞𝐫𝐢𝐚𝐥𝐢𝐭𝐲 𝐚𝐬𝐬𝐞𝐬𝐬𝐦𝐞𝐧𝐭 In our assessment approach (LEAP), report preparers can assess their dependencies, impacts, risks and opportunities with both: 🔵an impact materiality assessment at the end of the Evaluate phase, aligned with GRI Standards and the European Sustainability Reporting Standards (ESRS), and 🔴 a financial materiality assessment at the end of the Assess phase, aligned with the approach of the ISSB and CSRD. ◼️𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐦𝐚𝐭𝐞𝐫𝐢𝐚𝐥𝐢𝐭𝐲 We recommend that report preparers use ISSB’s definition of material information as a baseline. ◼️𝐈𝐦𝐩𝐚𝐜𝐭 𝐦𝐚𝐭𝐞𝐫𝐢𝐚𝐥𝐢𝐭𝐲 The TNFD also provides for organisation to additionally apply an impact materiality definition, for example, using the GRI Standards or the ESRS. ◼️𝐀 𝐟𝐥𝐞𝐱𝐢𝐛𝐥𝐞 𝐚𝐩𝐩𝐫𝐨𝐚𝐜𝐡 Our flexible approach thereby accommodates the use of a single materiality approach such as the approach of the ISSB S1 General Requirements. And a double materiality approach such as that outlined in the European Union’s ESRS. To read more about our approach to materiality, we recommend downloading the Recommendations of the TNFD and our Guidance on the LEAP Approach: 🔽TNFD recommendations - https://ow.ly/3kpC50TaBQ0 🔽TNFD LEAP Approach - https://ow.ly/3kpC50TaBQ0 #TNFD #Materiality #NatureDisclosures #LEAP
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How can the TNFD support your nature reporting requirements? The global architecture for action on nature-related corporate reporting is now firmly in focus and coming together quickly. Since the release of the TNFD recommended disclosures in September 2023, the TNFD has been working in collaboration with several global standards bodies and disclosure platforms (UN Biodiversity, GRI, EFRAG, CDP, IFRS Foundation) to encourage early harmonisation of the emerging nature-related reporting landscape and make it as practical as possible for companies to identify and assess their nature-related issues. Swipe to find out more ➡️➡️➡️ Through these ongoing efforts, our goal is to minimise divergence in requirements, use the same metrics to the greatest extent possible and avoid where possible duplication of reporting outputs. What’s clear from our mapping work with these partners is that companies that are already using or preparing to report in line with these global or jurisdictional reporting standards are well placed to be aligned with the TNFD recommendations. 📢 At the UN Biodiversity #COP16 in Colombia, we will announce the next cohort of TNFD Adopters 🔗Register here - https://ow.ly/YApx50T3f9B 🗓️Deadline - 11 October #Nature #biodiversity #CSRD #NatureReporting #COP16 #UNBiodiversity #GRI #CDP #IFRSFoundation #ISSB
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Taskforce on Nature-related Financial Disclosures (TNFD) reposted this
Two weeks ago, we launched with Taskforce on Nature-related Financial Disclosures (TNFD) a joint interoperability mapping document 📕 It’s a useful resource for #sustainabilityreporters focussing on #biodiversity 🐝 and #nature 🌼 providing a comprehensive overview of the alignment between the #GRIStandards and #TNFD Disclosure Recommendations and metrics. Key milestones of the mapping include: ✅Consistency on nature-related concepts and definitions. ✅All disclosures in #GRI101: Biodiversity 2024 are now included in the TNFD Recommendations, and GRI Standards feature the Recommendations (except for those specifically on nature-related risk and opportunity assessments). ✅Strong alignment between the TNFD core global disclosure metrics and related GRI Standards. Initial mapping also shows consistency between TNFD sector metrics and corresponding GRI Sector Standards. To know more… Consult the press release 👉 https://lnkd.in/duhxxEcR Download the guidance document 👉 https://lnkd.in/d-Ub4zHW Access the interoperability mapping 👉 https://lnkd.in/dcjrFsnk #sustainabilityreporting #interoperability #sustainabilitydisclosures
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On Monday, we will host the next webinar in the TNFD 101 series on "Assessing nature related issues - introduction to the TNFD LEAP Approach". Register here 👉 https://ow.ly/SaEN50SYiIN 📅 19 August 2024 🕛 09:00 - 10:00 New York | 14:00 - 15:00 London | 15:00 - 16:00 Paris | 21:00 - 22:00 Singapore TNFD's Thomas H. will present an introduction to the TNFD LEAP Approach, our proposed methodology designed to help organisations identify and assess their nature-related dependencies, impacts, risks, and opportunities. This session is ideal for organisations that are new to the TNFD or looking to build their knowledge of how to identify and assess nature-related issues. Here are some useful resources on LEAP: ◼️ TNFD Explained https://ow.ly/LyhY50SYiIL ◼️ TNFD in a box - Module 4 - The TNFD Assessment Approach https://ow.ly/tJ6f50SYiIK ◼️ Full guidance on the TNFD LEAP Approach https://ow.ly/b3QH50SYiIM #TNFD #LEAP #SustainableFinance
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🌊Diving into oceans data: new technologies and implications to support corporate reporting. The next webinar in our public series dives into how data is transforming our understanding of marine ecosystems. We are joined by renowned oceanography and data analysis expert Keith Tuffley and Kat Bruce, Founder of NatureMetrics who will guide us through innovative techniques and insights shaping the future of our seas and how this will help support the TNFD’s work on oceans and metrics. Kimberly Mathisen, CEO of HUB Ocean, will share insights on current global efforts to improve ocean data. 📅 3 September 2024 🕛 07:00 - 8:00 New York | 12:00 - 13:00 London | 13:00 - 14:00 Paris | 19:00 - 20:00 Singapore 𝗥𝗲𝗴𝗶𝘀𝘁𝗲𝗿 👉 https://ow.ly/zz3M50SWC44 What will be discussed? ◾ Dive into how global stakeholders are collaborating to define, collect, aggregate and monitor data specific to the ocean realm to help ensure a Sustainable Blue Economy. ◾ Understand TNFD's Recommendations framework: Gain insights into the TNFD's work on oceans and metrics. ◾ Explore new ocean data being collected using innovative techniques and insights. Discover how these advancements are shaping the future of our seas and supporting the TNFD’s work on ocean metrics. ◾ Incorporating ocean data into nature-related corporate reporting using the TNFD recommendations and guidance. #TNFD #NatureReporting #OceansData #Oceans
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𝗢𝗽𝗲𝗻 𝗳𝗼𝗿 𝗰𝗼𝗻𝘀𝘂𝗹𝘁𝗮𝘁𝗶𝗼𝗻 𝗮𝗻𝗱 𝗳𝗲𝗲𝗱𝗯𝗮𝗰𝗸 Draft guidance for five sectors is now available on our website and is open for consultation and feedback. 🌎 Draft sector guidance - https://ow.ly/1n6x50SUvmu 📅 Deadline - 27 September We invite organisations, market participants and other interested stakeholders to submit feedback via the website. The Taskforce will review all the feedback before issuing the final guidance in December 2024. 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. ◾ Apparel, accessories and footwear ◾ Beverages ◾ Construction materials ◾ Engineering, construction and real estate ◾ Fishing We look forward to receiving feedback from all interested stakeholders. If you have any questions, please contact - [email protected] #TNFD #Nature #SustainableFinance #Feedback
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On International Day of the World's Indigenous Peoples, we are recognising the critical role and contributions made by Indigenous Peoples and local communities to the ecosystems and the services they provide us all. Although Indigenous Peoples represent only 5% of the global population, they protect 80% of Earth’s remaining biodiversity. According to the United Nations, Indigenous Peoples' territories encompass 28% of the globe's surface and contain 11% of the world’s forests. The forests on their land are better maintained and have higher preserved biodiversity than those on non-Indigenous lands. But just this week, the World Benchmarking Alliance published findings that most companies neglect Indigenous Peoples' rights, with fewer than 13% of those evaluated in their Nature Benchmark (https://ow.ly/iKKP50STIHY) demonstrating a clear commitment to respecting these rights. Learning from their stewardship and safeguarding their land and human rights is crucial to halting and reversing nature loss. Companies must begin to understand the role they play in engaging and supporting Indigenous Peoples and Local Communities and affected stakeholders as they identify and assess their own nature-related issues. Last year, we published the following guidance to help organisations better understand who to engage with, how to align with due diligence standards, and how to prepare, design, and conduct effective engagement: 𝗥𝗲𝗮𝗱 𝗵𝗲𝗿𝗲 👉 https://ow.ly/hBj050STIHX This approach shows how high-quality engagement helps organisations to reach a fuller understanding of nature related issues, manage these issues effectively and establish relationships of trust based on transparency and mutual respect. Given that meaningful engagement is a continuous process, this will serve the organisation well over the medium and long-term. #TNFD #Nature #IndigenousPeoples #IPLCs #IndigenousPeoplesDay https://ow.ly/FxEG50SUjiC https://ow.ly/WHbl50SUjj8 https://ow.ly/zOyw50SUjjQ