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ARTICLE · 02 NOVEMBER 2023

Taskforce On Nature-related Financial Disclosures (TNFD) Recommendations: How Can You Comply?

Norton Rose Fulbright Hong Kong
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The TNFD recently published the final version of its recommendations to identify, assess, manage and disclose nature-related issues (the Recommendations). The framework provides organisations...

United KingdomEnvironment
Alysha Patel
Alysha Patel
Lucy Bruce Jones
Lucy Bruce Jones

Introduction

The TNFD recently published the final version of its recommendations to identify, assess, manage and disclose nature-related issues (the Recommendations). The framework provides organisations with guidance on how to report nature-related risks and aims to encourage financial institutions and companies to incorporate these risks and related opportunities into their decision-making processes.

Scope of the Recommendations

The 14 TNFD Recommendations are based on the same four pillars as the Task Force on Climate-related Financial Disclosures (TCFD) (see our article: New climate-related reporting requirements introduced for public and private companies and LLPs). The Recommendations have been developed in an effort to support streamlined sustainability reporting globally and build on the foundations of the TNFD's previous draft frameworks.

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