The Taskforce on Nature-related Financial Disclosures (TNFD) is a new global initiative which aims to give financial institutions and companies a complete picture of their environmental risks. Better information will allow financial institutions and companies to incorporate nature-related risks and opportunities into their decision-making processes.
In 2023, the TNFD will deliver a framework for organisations to report and act on evolving nature-related risks, in order to support a shift in global financial flows away from nature-negative outcomes and toward nature-positive outcomes.
The Taskforce will consist of approximately 30 members, with an equal representation of financial institutions and corporates from developed and emerging markets, as well as service providers.
It is led by two Co-Chairs, Elizabeth Maruma Mrema, Executive Secretary of the United Nations Convention on Biological Diversity (CBD), and David Craig, CEO of Refinitiv and Group Leader of Data & Analytics Division at London Stock Exchange Group (LSEG), and will be informed by a diverse Stakeholder Group – consisting of governments, regulators, multilaterals, financial and business consortia, NGOs, think tanks and research organisations.
The TNFD has been catalysed through an Informal Working Group (IWG), informal Technical Expert Group (TEG), and supported by a group of four founding partners organisations.