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ARTICLE · 07 APRIL 2022

TNFD Publishes Beta Version Of Nature-related Risk & Opportunity Management And Disclosure Framework

The Taskforce on Nature-Related Financial Disclosures (TNFD) has published the first draft of its Nature-related Risk & Opportunity Management and Disclosure Framework ...

United KingdomEnvironment

The Taskforce on Nature-Related Financial Disclosures (TNFD) has published the first draft of its Nature-related Risk & Opportunity Management and Disclosure Framework (TNFD Framework); which, together with subsequent drafts, will be open to feedback from market participants for the next 18 months. The TNFD is aiming to publish a usable framework and set of recommendations in late 2023.

The TNFD was set up to develop and deliver a risk management and disclosure framework for organisations to report and act on evolving nature-related risks. The TNFD notes that at present more than half of the global economy is highly or moderately dependent on nature, and that nature-related risks and opportunities should therefore be adequately accounted for in business and investment decisions.

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