“For too long we took natural resources for inexhaustible and did not look at the consequences of human action on the planet. Climate change and the rapid loss of biodiversity invite us to transform our societies and economies, which means that finance needs to be transformed as well. The TNFD, a new global initiative, aims to give the finance sector a complete picture of environmental risks. The TNFD’s work on nature-related risks will be an important complement to the work already done on climate-related risks. Biodiversity is a systemic challenge and having a global platform for collaboration across private actors, international organisations, public authorities and NGOs is essential. The TNFD will support the development of more reliable and comparable nature-related data, which is critical to promote sustainable investments”

Mainstreaming biodiversity into the financial sector is one of the prerequisites to reversing nature loss. The Global Environment Facility is a proud anchor investor in the TNFD and I have great expectations for this initiative. Helping companies, investors, and financial institutions to measure and address financial risks derived from biodiversity loss will help redirect financial flows into nature-positive investments. We need this kind of transparency to underwrite the changes the planet needs, both in the short and long-term”

“Collective action is needed to help protect our natural ecosystems and stop their degradation. BNP Paribas has already taken commitments to preserve biodiversity, but common and applicable standards are needed to leverage the power of finance for nature. The TNFD is key in convening market participants towards such standards”

“We view the biodiversity challenge as a natural extension of our climate efforts, since the two crises are interconnected. Having supported the TCFD since its launch, we know how strategic reporting frameworks can be; this is why we called for the creation of the TNFD in 2019. Today we are proud to support its launch, and it is our hope that the TNFD will develop the risks & opportunities framework that corporates and investors need to support nature-based solutions”

“If we are to halt the destruction of the natural world, we urgently need financial decision making and investments to take account of nature. The launch of the Taskforce for Nature-related Financial Disclosures (TNFD) marks an important milestone in this process, building a framework to help lenders and investors make informed decisions that are aligned with climate and the natural environment. Its launch is also an important milestone in the delivery of the UK government’s Green Finance Strategy. We have supported this market-led initiative from its very inception and commend all the stakeholders involved in persevering against all odds, and putting in so much time and effort towards reaching this stage. We welcome the two excellent and committed co-chairs and look forward to building a successful, international, market-ready framework”

Incorporating nature-related risks into financial decisions is important to safeguard future investments and respond to the clarion call of protecting the natural ecosystems. Sustaining our current ambitions of growth and alleviating the damages caused to biodiversity, requires a better alignment of technology, investments, and policies with the needs of nature. TNFD will provide the much-needed framework to mitigate the risks and leverage the emerging opportunities arising out of the shared journey to restore planet’s once-rich natural capital. YES BANK is proud to be associated with TNFD and we continue our support to this global endeavor of mobilizing finance towards nature-positive outcomes”

 “Biodiversity and variety of life on earth is crucial to sustain healthy and functional ecosystems. It is only through collaborations that we can solve our global challenges within the loss of nature, and we believe that this joint taskforce on nature-related financial disclosure will play an important role for including biodiversity into our industry. We are happy to use our size and scale to transform our industry for the better”

“The challenge of biodiversity and nature preservation is crucial. We need corporate and financial institutions to take their parts. Yet, we lack unified definitions, standards and metrics to acurately and thoroughly embrace nature preservation. The TNFD will constitute a. Important step to start properly addressing at global level biodiversity-related risks and impacts”

“Recent reports (for example by the Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services) show the threats that nature and the global biodiversity face due to our current economic system. We have a responsibility towards future generations to leave them a healthy and habitable planet. Therefore, things need to change. I believe that the global framework that will be developed by the Taskforce Nature-related Financial Disclosures (TNFD), will accelerate the transition towards a nature-inclusive financial sector and thus society. The Netherlands is very well aware of the need for TNFD and will keep supporting it”