The Taskforce on Nature-related Financial Disclosures has
released ten new guidance documents to assist companies in applying
the TNFD recommendations. In addition, the Taskforce published June
30 adoption statistics.
Formally launched in mid-2021, the TNFD describes itself as a
market-led, science-based and government-supported global
initiative whose recommendations and guidance provide organizations
with a risk management and disclosure framework to act on evolving
nature-related dependencies, impacts, risks and opportunities. The
recommendations and guidance are intended to provide
decision-useful information to capital providers and other
stakeholders.
The TNFD disclosure recommendations are structured around four
pillars, consistent with the approach of the International
Sustainability Standards Board (which incorporates the
recommendations of the Task Force on Climate-related Financial
Disclosures). Those four pillars are Governance, Strategy, Risk
& Impac
