Taskforce on Nature-related Financial Disclosures (TNFD)

🌍 Over 500 organisations and $17.7 trillion AUM now committed to TNFD-aligned risk management and corporate reporting    Today at #COP16 in Cali, Colombia, we’re proud to announce that 502 organisations globally have committed to adopting TNFD-aligned nature-related risk management and corporate reporting. This marks a 57% increase in commitments since January 2024, reflecting the growing recognition of nature as a critical factor in business risk and opportunity management.    ⚡ Key highlights: ⬛ Commitments from organisations across 54 jurisdictions and sectors, including Banco de Bogotá, Mitsubishi Electric, Qantas, JSW Group and Logitech.  ⬛ 129 financial institutions, representing $17.7 trillion in assets, are now TNFD Adopters. ⬛ The announcement demonstrates that the market is moving quickly to embrace better nature-related risk management and disclosure aligned with the goals of the Global Biodiversity Framework.    With growing momentum, TNFD is helping businesses integrate nature-related risks into their strategies, fostering resilience and driving sustainable growth.    🔗 Read the full press release here: https://lnkd.in/gW58Tq53   🔗 View the full list of adopters here: https://lnkd.in/dfe42gNV    #TNFD #COP16 #Sustainability #NaturePositive #RiskManagement #GlobalBiodiversityFramework #CorporateReporting 

The TNFD is honoured to see that both our Co-Chair, H.E. Razan Al Mubarak, and our Technical Director, Emily McKenzie, are part of the 2024 Fin-Erth Women in Climate Awards.  In addition to TNFD’s own staff, we are delighted to see Taskforce Members and close partners among the list, including Dr. Rhian-Mari Thomas OBE, Chief Executive Officer of the Green Finance Institute (GFI), Herry Cho, Managing Director, Head of Sustainability and Sustainable Finance at the SGX Group, Dorothy Maseke ,CFIRM, Nature Finance & TNFD Lead at FSD Africa and Head of Secretariat at the African Natural Capital Alliance (ANCA), and Esther An, Chief Sustainability Officer at City Developments Limited (CDL) and a TNFD Taskforce Member.  These representatives and proponents of TNFD sit alongside a strong list of 101 leading women in climate and sustainability from around the globe, across business, finance, non-profits and tech, working in both nature and climate and other cross-cutting sustainability solutions. To have women in nature-related fields feature so strongly on this list also shows the interrelatedness of climate and nature.  The contributions made by these women to advance important and innovative solutions across the climate and nature spaces are significant. All have worked relentlessly to ensure inroads and progress in terms of the acknowledgement, management and disclosure of nature-related issues, showing leadership in their fields.  🔗 Explore the full list here: https://lnkd.in/gPqjfqAC   

At #BuildingBridges24 this week, several members of the TNFD Taskforce and Secretariat joined the United Nations Environment Programme Finance Initiative (UNEP FI) Global Roundtable 2024. During a panel, Emily McKenzie joined Thomas Viegas, Amandine Favier and Caroline Sonje to discuss how to unlock the potential of the insurance industry. UNEP-FI's important new guide provides practical actions to help both non-life and life and health primary insurers set priority actions for nature. 👉 Read guide - https://lnkd.in/gYB5JRN9 Earlier on in the agenda this week, UNEP-FI and WWF published a report providing an overview for banks to understand the latest regulatory landscape on nature-related issues, and for government policymakers to consider ways to promote coherent and effective nature-related policies for the banking sector. 👉 Explore here - https://lnkd.in/gHJDf2Xs Both reports are now available in the TNFD Knowledge Hub and directly from their site👉 https://lnkd.in/gr8Rcfb9. #TNFD #Nature #SustainableFinance  

New case study launch: Nature-related dependencies in food supply chains 🍓 Following the launch of the TNFD German Consultation Group in Berlin earlier this week, we are pleased to release a new case study highlighting risks materialising from nature-related dependencies and their impact on German businesses: “Red Gold: Spanish strawberries and German supermarkets”. Supermarkets are under growing pressure to meet consumer demand for year-round access to fresh fruit and vegetables, even when these products are out of season locally. This global demand often comes with environmental strain for the regions in which they are produced. A compelling example is out-of-season strawberries in Northern Europe. German and Swiss supermarkets source these primarily from the Huelva Province in southern Spain, known for its early-growing season and as one of Europe’s largest strawberry producers. Intensive farming practices in the region have led to the overuse of resources like water, including illegal wells, threatening local ecosystems and the long-term resilience of strawberry production. Huelva adjoins the Doñana National Park, a UNESCO World Heritage Site and biodiversity hotspot. Water depletion from berry farming has put the park at risk, sparking widespread concern from organisations like WWF. In 2023, German NGO Campact e.V. launched a campaign urging supermarkets and consumers to boycott Spanish strawberries over their environmental impacts. This created a ripple effect across the value chain, forcing German and Swiss supermarkets to confront nature-related risks in their supply chain. Our case study dives into this issue, examining: ◾ The impacts of the boycott on supermarkets in Germany and Switzerland  ◾ How these retailers responded to reputational and financial risks  ◾ The lessons for managing dependencies and impacts on nature This case study highlights the urgent need for companies to address nature-related issues. Failing to do so isn’t just a risk to nature; it’s a risk to their business. Read the full case study in the case study library on the TNFD Knowledge Hub.  🔗 https://lnkd.in/d8Kqj2UT This case study collection includes real-world, practical examples of how organisations are assessing, managing and disclosing their nature-related dependencies, impacts, risks and opportunities. Each case study highlights the importance of understanding and acting on nature-related impacts.  📤 Submit your case study to the library:   🔗 https://ow.ly/2jaz50UfUqE #TNFD #NaturePositive #Sustainability #KnowledgeHub #CorporateReporting

🇩🇪 TNFD German Consultation Group launched by Forum Nachhaltige Geldanlagen e.V. and BAUM e.V.   Yesterday in Berlin at the Federal Ministry for the Environment, Nature Conservation, Nuclear Safety and Consumer Protection, Forum Nachhaltige Geldanlagen e.V. and BAUM e.V. launched the TNFD German Consultation Group. The German Consultation Group is the 17th TNFD Consultation Group, joining others based around the world, and marks an important development in driving nature-related corporate action in the German market.   In the coming months, TNFD will focus its efforts on encouraging and supporting voluntary market adoption across Germany. As the official conveners of the German Consultation Group, the Forum Nachhaltige Geldanlagen e.V. and BAUM e.V. will leverage the innovation, industrial leadership and financial strength in the German market to build awareness of the TNFD recommendations and guidance, identify current knowledge and understanding gaps on nature-related issues and build capacity for nature-related corporate action.   Read the press release (in German): https://lnkd.in/dfJDm9jT   Marian Klemm, Yvonne Zwick, Elisabeth Mende, Rainer Kant, Verena Menne, David Craig, Barbara Sanderson

🖥 TNFD Webinar – register online  Our next webinar will focus on the discussion paper published at COP16: A roadmap for upgrading market access to decision-useful nature-related data. The discussion paper outlines a roadmap to accessing high-quality, decision-useful nature data. This webinar will offer an overview of the paper, insights into the evolving nature-related data ecosystem and provide practical guidance for businesses and data providers to drive sustainable finance and resilience.    Date: 10 December 2024   Session 1: 09:00 UTC    🔗 Register:  https://lnkd.in/dDkizqvG Session 2: 13:00 UTC   🔗 Register: https://lnkd.in/dtcacGMA During this session, we will:   🟢 Hear from key stakeholders from across the nature-related data ecosystem to explore the need for collaborative solutions for data sharing and innovation  🟢 Discuss the need for investment in and upgrading the Nature Data Value Chain (NDVC) and associated workstreams   🟢 Present the paper’s key findings and recommendations  🟢 Outline the pilots the TNFD will run in 2025 across different geographies  🟢 Provide an opportunity for Q&A with the speakers and members of the TNFD Secretariat 🔽 Download the discussion paper ahead of the webinars - https://lnkd.in/gwavteWS

Last week, City & Financial Global held their fourth Annual Natural Capital Summit in London, bringing together financial professionals, industry leaders and nature specialists to discuss key topics shaping the future of natural capital. Chaired by David Craig, Co-Chair of the TNFD, the event highlighted the advancements that have already been made on nature and finance and the work that still needs to be done to scale progress. 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀 𝗶𝗻𝗰𝗹𝘂𝗱𝗲𝗱:    ◼️ Simon Zadek of NatureFinance led a conversation with Neville Ash (UNEP-WCMC), Helen Avery (Green Finance Institute) and Andrea Ledward CBE (Department for Environment, Food and Rural Affairs) on the key takeaways from #COP16 in Cali and #COP29 in Baku, with a particular focus on what’s needed for local governments and SMEs to implement progress on the ground. ◼️ Emily McKenzie, Technical Director at TNFD underscored the high level of convergence between the TNFD recommended disclosures and existing voluntary and mandatory corporate reporting standards, in a conversation with Peter Paul Van De Wijs (Global Reporting Initiative (GRI)), Richard Barker (International Sustainability Standards Board (ISSB)) and Patrick de Cambourg (EFRAG), while also exploring the priorities for these standard setters in 2025. ◼️ With transition planning essential for aligning strategy, risk management and asset allocation with the shifts implied by the Global Biodiversity Framework, the need to combine nature and climate transition plans was examined by Natalie Nicholles (Capitals Coalition) in conversation with Hans Mehn (Generation Investment Management), Abyd Karmali OBE (Bank of America) and Thomas Viegas (Aviva). 💬 𝗢𝗽𝗲𝗻 𝗳𝗼𝗿 𝗰𝗼𝗻𝘀𝘂𝗹𝘁𝗮𝘁𝗶𝗼𝗻 The following two discussion papers were published at COP16 in draft open for consultations: ◼️ Discussion paper on nature transition plans - Open for feedback before 1 February 2025. 🔗 https://lnkd.in/e2ZH8XJf   ◼️ Draft guidance on a roadmap for upgrading market access to decision-useful nature-related data - Open for feedback before 17 January 2025. 🔗 https://lnkd.in/gwavteWS   #NaturalCapital #COP16 #COP29 #Sustainability #TNFD

Episode 2 of T𝐚𝐥𝐤𝐬 𝐨𝐧 𝐍𝐚𝐭𝐮𝐫𝐞 – 𝐀 𝐏𝐨𝐝𝐜𝐚𝐬𝐭 𝐛𝐲 𝐀𝐍𝐂𝐀 is now live! 🎙️ 🎧 In this episode, we’re honored to host Tony Goldner, Executive Director of the Taskforce on Nature-related Financial Disclosures (TNFD), as he dives into the transformative role TNFD is playing in shaping nature-related financial disclosures worldwide. What can you expect from this conversation? 🌍 𝐔𝐧𝐝𝐞𝐫𝐬𝐭𝐚𝐧𝐝𝐢𝐧𝐠 𝐭𝐡𝐞 𝐓𝐍𝐅𝐃 𝐅𝐫𝐚𝐦𝐞𝐰𝐨𝐫𝐤: Learn how this initiative is enabling businesses and financial institutions to integrate nature-related risks and opportunities into their decision-making processes. 💡 𝐍𝐚𝐭𝐮𝐫𝐞’𝐬 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐈𝐦𝐩𝐚𝐜𝐭: Discover why considering nature loss is essential for sustainable business practices and how nature-related disclosures can drive better outcomes for biodiversity and economies. 🤝 𝐄𝐧𝐠𝐚𝐠𝐢𝐧𝐠 𝐀𝐟𝐫𝐢𝐜𝐚 𝐟𝐨𝐫 𝐍𝐚𝐭𝐮𝐫𝐞-𝐩𝐨𝐬𝐢𝐭𝐢𝐯𝐞 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬: Tony shares insights on TNFD’s collaboration with #African stakeholders, ensuring that the framework not only supports global goals but also addresses the unique biodiversity challenges and opportunities on the continent. Spotify: https://lnkd.in/gkMSWhj2 Apple podcasts: https://lnkd.in/gtu8eAUu Amazon music/Audible: https://lnkd.in/dGJWz3Y6 -- Dorothy Maseke ,CFIRM, Kelvin Massingham, Biggie Tangane, Hosborn Wamukoya

📢 Open for consultation At COP16, we published draft guidance on a roadmap for upgrading market access to decision-useful nature-related data. The paper is now open for consultation, and you can provide feedback via the online survey until 17 January 2025. 🔗 Provide feedback online - https://ow.ly/Su0h50Ug43M We encourage all types of organisations across the data value chain to submit feedback online including end users, data providers, market service providers, financial institutions, as well as NGOs, academic and scientific institutions and other interested stakeholders. Key aspects of the guidance: ◼️ The fast emergence of corporate reporting architecture and the introduction of mandatory climate- and nature-related reporting standards in Europe, China and elsewhere. ◼️ Three new demand signals from the private sector for nature-related data. ◼️ A proposed roadmap for further action. ◼️ 10 proposed data principles. ◼️ Understanding the requirements of a Nature Data Public Facility. Please email feedback@tnfd.global if you have any questions regarding the consultation process. We look forward to receiving feedback to inform the future development of our Data Initiatives and guidance. #TNFD #NatureData #Consultation #SustainableFinance #Data

📚 Introducing the case study library We’re excited to introduce a new feature on the TNFD Knowledge Hub – the case study library. 🔗 https://ow.ly/COe950Ug4av This growing collection includes real-world case studies of how dependencies, impacts, risks and opportunities materialise, as well as use cases on how corporates and financial institutions are applying and interpreting the TNFD recommendations and guidance in their own operations. The library includes two distinct types of examples: ◼️Case studies: Practical examples of how organisations are assessing, managing and disclosing their nature-related dependencies, impacts, risks and opportunities. Each case study highlights the importance of understanding and acting on nature-related impacts. ◼️LEAP use cases: Detailed technical examples of how organisations have implemented the LEAP approach to measure and report on their nature-related impacts and risks. These use cases provide insights for organisations beginning their own LEAP journey and applying the TNFD recommendations and guidance more broadly. 📤 Submit your case study to the library: 🔗 https://ow.ly/2jaz50UfUqE Organisations are invited to enrich this library by submitting their own case studies or LEAP use cases. Share your experiences and help others understand how to get started with nature-related reporting. #TNFD #NaturePositive #Sustainability #KnowledgeHub #CorporateReporting