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 

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

🌱 Five key aspects of our draft guidance on nature transition plans Our recently-published discussion paper on nature transition plans builds on existing work by the Transition Plan Taskforce (TPT) and Glasgow Financial Alliance for Net Zero (GFANZ) and presents draft guidance for corporates and financial institutions to develop robust, actionable nature transition plans. Tomorrow (26 November), we host two special webinars exploring the draft guidance, it's key aspects, and next steps: ⏱Session 1 – 08:00 UTC 🔗Register - https://lnkd.in/gGJC5-jv   ⏱ Session 2 – 16:00 UTC 🔗 Register - https://lnkd.in/gn4D_CKw What are the key aspects of the draft guidance ❓ 🌍 The TNFD recommendations help deliver on GBF Target 15 Transition planning is essential for aligning strategy, risk management and asset allocation with the shifts implied by the GBF in an orderly, strategic fashion. Whilst this is part of the TNFD recommended disclosure Strategy B, it is not a requirement for TNFD Adopters. 📈 Metrics Our draft guidance on nature transition planning addresses all nature-related issues, excluding climate change, and uses the same metrics as the TNFD recommendations, LEAP approach and sector guidance. 🤝 Built on existing work We've built our nature transition guidance around GFANZ's five themes for net zero plans, with nature-specific adaptations, particularly to Foundations, Metrics & Targets and a new Engagement component focusing on landscapes, river basins and seascapes. 🏛  Three principles The TPT's principles of Ambition, Action and Accountability guide nature transition plans. These plans should reflect urgency, take a holistic and strategic approach and have clear action roadmaps with accountability mechanisms. ✂  Adapting TPT’s climate disclosures Our draft guidance for disclosing nature transition plans adapts the TPT’s climate disclosures, replacing three climate-specific elements with four nature-specific ones. 💬Open for consultation The guidance is open for consultation until 1 February 2025, with final guidance expected later in the year. Feedback will be gathered through a survey, consultation process and pilot testing throughout 2025. 🔗 Provide feedback - https://lnkd.in/gXWf_tc4 #COP16 #TNFD #TransitionPlanning #Sustainability #Biodiversity #NaturePositive        

The IFRS Foundation has published a guide to help companies identify sustainability-related risks and opportunities and material information to provide. Find out more about the key features of the guide below and access the guide here 👉 https://lnkd.in/e8uidx-6 #ISSBStandards #ISSB

Ahead of the Annual Natural Capital Summit 2024 hosted by City & Financial Global next week, David Craig, Co-Chair of the TNFD, shared insights on key topics shaping the future of natural capital. 🖥️ Watch the full interview online as they discussed: (https://lnkd.in/gAchEyjX) ◼️ COP16, COP29 and the future of natural capital ◼️ What is next for the 500+ TNFD Adopters now committed to aligned reporting ◼️ The Chancellor’s latest approach to nature-related reporting ◼️ Tackling the ongoing nature data challenges David will chair next week's 4th Annual Natural Capital Summit, on the 28 November hosted in London. Watch the full interview here: https://lnkd.in/gAchEyjX #NaturalCapital #COP16 #COP29 #Sustainability #TNFD

Reunión del grupo de consulta del TNFD en España Muchas gracias a Forética, NTT DATA y a todos los participantes por invitarnos y por las interesantes discusiones. La semana pasada tuvimos el placer de participar en una sesión organizada por Forética y acogida generosamente por NTT Data. ¡Muchas gracias por su liderazgo y hospitalidad! La reunión destacó por la amplia participación de empresas españolas, reflejo del creciente compromiso del sector empresarial en España con el Taskforce on Nature-related Financial Disclosures (TNFD). Fue inspirador observar el entusiasmo y las valiosas contribuciones de los asistentes, quienes están liderando el camino hacia una mejor gestión de las dependencias, impactos, riesgos y oportunidades relacionados con la naturaleza en sus organizaciones. Durante la sesión, los miembros de la secretaría del TNFD compartieron importantes novedades desde la #COP16: ✅ Más de 500 organizaciones ya han adoptado las recomendaciones del TNFD (https://lnkd.in/dfe42gNV) ✅ Lanzamiento de una hoja de ruta para facilitar el acceso a datos útiles sobre la naturaleza (https://lnkd.in/eWvvUMTJ) ✅ Presentación de la guía preliminar sobre planes de transición relacionados con la naturaleza (https://lnkd.in/g5_-dH-H) Además, las empresas participantes intercambiaron experiencias sobre la aplicación del enfoque LEAP, aprendiendo mutuamente y enriqueciendo el diálogo colectivo. Gracias de nuevo a Forética, NTT DATA, Inc. y a todos los asistentes por su compromiso y contribuciones. ¡El nivel de compromiso en España es un claro ejemplo del cambio positivo que podemos lograr juntos! #TNFD #Nature

🖥 Webinar – Understanding nature transition plans The mission of the Kunming-Montreal Global Biodiversity Framework (GBF) – endorsed by almost 200 national governments – is to halt and reverse biodiversity loss by 2030. Delivering this requires significant changes to business practices across all sectors, incorporating nature into organisations’ strategy, planning and decision-making. Nature transition plans are a solid foundation to help organisations articulate how they plan to respond and contribute to the transition implied by the GBF. They also support business and financial institutions to build accountability, as well as to manage their nature-related dependencies, impacts, risks and opportunities. The paper presents guidance for corporates and financial institutions to develop robust, actionable nature transition plans to help organisations align business practices with the goals of the Global Biodiversity Framework (GBF). 🔽  Download the guidance - https://lnkd.in/e2ZH8XJf Join one of our two upcoming webinars on nature transition plans, in which we will provide an overview of our recently published draft guidance for corporates and financial institutions, which are currently open for consultation. 📅 26 November 2024 ⏱  Session 1 – 08:00 UTC 🔗 Register - https://lnkd.in/gGJC5-jv   📅 26 November 2024 ⏱ Session 2 – 16:00 UTC 🔗 Register - https://lnkd.in/gn4D_CKw   🗣 Speakers: ◾ Thomas H., Senior Manager – Lead, Transition Planning and Targets, TNFD ◾ Emily McKenzie, Technical Director, TNFD ◾ Tony Goldner, Executive Director, TNFD  ◾ Abyd Karmali OBE, Managing Director, ESG Client Advisory, Bank of America; TNFD Taskforce Member  ◾ David Croft, Group Head of Sustainability, Reckitt; TNFD Taskforce Member ◾ Joy Williams, Executive Director, Financial Institutions Transition Planning, Glasgow Financial Alliance for Net Zero (GFANZ) ◾ Ira Poensgen, Senior Associate, International Transition Plan Network (ITPN) ◾ Ben Gilbey, Technical Lead, International Transition Plan Network (ITPN) #TNFD #TransitionPlan #Webinar

🌍 Advancing nature & finance in Singapore Last week, David Craig, Co-Chair of the TNFD, visited Singapore to participate in the Insights Forum 2024 during the Singapore Fintech Festival, hosted by the Asian Development Bank (ADB), the Cambridge Centre for Alternative Finance, Cambridge Judge Business School and Elevandi, as well as the Singapore Sustainable Finance Association (SSFA) Natural Capital & Biodiversity Workstream.   💬 Key takeaways:   🔹 Tackling nature & climate as one Nature and climate are interconnected challenges that need integrated solutions. Waiting to address climate alone will delay vital action on nature, which directly underpins financial resilience and sustainable development. We need to shift our thinking and approach.   🔹 Transition planning: Opportunities & challenges Nature transition planning offers both risks and rewards. TNFD's approach, building on the work of GFANZ and TPT, provides guidance for corporates and financial institutions developing and disclosing a transition plan in line with the TNFD recommended disclosures.   🔹 A leading role for Singapore With over eight leading formal TNFD Adopters, many more piloting and a strong foundation in sustainable finance, Singapore is ideally positioned to lead on nature-related finance and support solutions across the #ASEAN region. Local businesses are already aligning with TNFD’s framework, advancing the region’s journey toward nature-positive outcomes.   🔹 Unlocking nature-based solutions In a unique workshop, the potential of bamboo as a “green gold” resource was explored. With its rapid growth, soil health benefits and carbon sequestration potential, bamboo exemplifies how natural assets can contribute to resilience, climate adaptation and economic value in urban areas. But changing existing business models and supply chains is not easy and requires intervention on policy, standards, private and public financing and support for local farmers. It may be time for a “Bamboo Bond”?   📈 Getting started with TNFD Asia & the Pacific represents 47% of TNFD’s Adopters, with Singapore setting bold biodiversity targets, from ecosystem restoration to educational programmes on native wildlife. Now is the time for organisations to get started with TNFD-aligned nature-related risk management and corporate reporting: https://lnkd.in/gVxa7XUq   Thank you to Esther An, City Developments Limited, Asian Corporate Governance Association (ACGA), TPG, Asian Development Bank (ADB), Eric Lim, Gillian Koh Tan and Kenneth Gay (Monetary Authority of Singapore (MAS), Valerie Lau, CFA, Franziska Zimmermann, Herry Cho, Lotte Schou Zibell Emily Chew (GIC) Wei Ling Koh, De Rui Wong Lawrence Loh   #TNFD #NaturePositive #SustainableFinance #SingaporeFintechFestival #Singapore