This report presents the results of an extensive global pilot testing led by UNEP FI with the private finance sector to test the draft risk management and disclosure framework from the Taskforce on Nature-related Financial Disclosures (TNFD). Following the latest v0.4 release of the TNFD draft framework in March 2023, the report presents practical case studies based on the findings and insights from more than 40 global financial institutions which assessed the current applicability of the TNFD framework for selected high-impact sectors. The pilots aim to support financial institutions to start their journey to unboxing nature-related dependencies, impacts, risks and opportunities – and supporting the ultimate goal of shifting global financial flows away from nature-negative outcomes and toward nature-positive outcomes.
A complementary report presents main findings from each of the specific pilot groups, which focused on the intersection of nature-related issues and economic and financial activities.
Following this initial set of pilots, UNEP FI will continue piloting the TNFD framework until June 2023. UNEP FI also encourages the financial sector to provide feedback to the TNFD during its public consultation period open until 1 June 2023. UNEP FI is one of the founding partners of the TNFD alongside WWF, UNDP, and Global Canopy and one of the TNFD official piloting partners.