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ARTICLE · 08 AUGUST 2022

TNFD Releases Second Version Of Nature-Related Disclosure Framework

McCarthy Tétrault
McCarthy Tétrault
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On June 28, 2022, the Taskforce on Nature-related Financial Disclosures released the second version of its nature-related risk-management and disclosure framework...

CanadaFinance and Banking
Reglementation Des Valeurs Mobilieres
Reglementation Des Valeurs Mobilieres
Joanna Rosengarten
Joanna Rosengarten
William Horne
William Horne
Gurvir Sangha
Gurvir Sangha
Samantha L. Steeves
Samantha L. Steeves
Leila M. Far Soares
Leila M. Far Soares
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On June 28, 2022, the Taskforce on Nature-related Financial Disclosures (the "TNFD") released the second version of its nature-related risk-management and disclosure framework (the "TNFD Framework"). The second version of the TNFD Framework builds on the initial draft version, which was released on March 15, 2022. Our summary of the initial draft of the TNFD Framework, including the rationale behind the framework and its place within the broader landscape of environmental, social, and governance (ESG) related disclosures, can be found here.

The Notable Changes to the TNFD Framework

The initial draft of the TNFD Framework remains largely unchanged in its second version due to positive feedback from market participants. In particular, the key recommendations, core concepts and Locate Evaluate Access Prepare ("LEAP") assessment remain in this second version.

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