Taskforce On Nature-Related Disclosures Publishes Draft Sector-specific Guidance

On 7 December 2023, the Taskforce on Nature-related Financial Disclosures (TNFD) published draft sector-specific guidance setting out how industries with high impacts and dependencies on nature can implement the TNFD's LEAP approach (Locate, Evaluate, Assess, Prepare) in their internal decision-making processes and reporting (the Guidance). The publication of the Guidance coincided with the TNFD's presentation of an interactive session at COP28 in Dubai at the end of last year, setting out its recently published final recommendations (the Recommendations) (see our article: Taskforce on Nature-related Financial Disclosures (TNFD) recommendations: how can you comply? | United Kingdom | Global law firm | Norton Rose Fulbright).