Global businesses and financial firms join TNFD to tackle nature-related risks

30 September 2021

The Taskforce for Nature-related Financial Disclosures (TNFD) announces taskforce members and launch of consultative forum, leveraging global nature and finance expertise. Taskforce Members will work with TNFD Co-Chairs to deliver the Framework in the next two years.

  • 30 senior executives from financial institutions, corporates and service providers have been appointed as Taskforce Members to drive work on the TNFD framework 
  • More than 100 institutions have signed up to provide support to the Taskforce by joining  the TNFD Forum, a consultative grouping of institutional  supporters, making available their global, cross-sector expertise when required 
  • Taskforce Members to form five Working Groups to drive forward preparation of a beta framework to be launched in early 2022
  • More details including the list of taskforce members can be found on the TNFD website:

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About the TNFD

The Taskforce on Nature-related Financial Disclosures (TNFD) aims to provide 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.  UNEP FI is part of the TNFD Stewardship Group. UNEP is the executing agency of the anchor investment by the Global Environment Facility (GEF).

The TNFD officially launched in June 2021 following a 11-month preparatory phase where 75 Members (49 financial institutions and corporates, 8 governments and 18 consortiums and think-tanks) worked on a proposed scope and workplan for the TNFD. This Informal Working Group was supported by an informal Technical Expert Group, and a Partner Group consisting of Global Canopy, UNDP, UNEP FI, and WWF. An Observer Group of governmental, private sector and civil society organisations was involved by following the activities of the Informal Working Group and feeding back on their deliberations.

Up to 35 Taskforce Members are working with the TNFD Co-Chairs to develop the TNFD Framework. A group of over 100 institutions also support the work of the Taskforce as part of the TNFD Forum.

The TNFD will deliver its  framework in 2023, enabling organisations to report and act on evolving nature-related risks. Better information will allow financial institutions and companies to incorporate nature-related risks and opportunities into their decision-making processes.

https://tnfd.info/

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