Taskforce on Nature-Related Financial Disclosures

Join us at 23 Grafton Street or virtually as we showcase the Taskforce on Nature-Related Financial Disclosures (TNFD) framework. If joining in person, please feel free to arrive from 14:30 for tea/coffee/networking. If you are joining us virtually, the Teams link for the 15:00-16:00 meeting will be shared with you following registration.

Nature loss poses both risks and opportunities for business, now and in the future. More than half of the world’s economic output – US$44tn of economic value generation – is moderately or highly dependent on nature.

Following last year’s deep dives into the Taskforce on Climate-Related Financial Disclosures (TCFD), British Expertise International is pleased to present an event showcasing the final recommendations from the Taskforce on Nature-Related Financial Disclosures (TNFD). The market led, science based TNFD framework enables companies and financial institutions to integrate nature into decision making.

First announced in 2020, TNFD has been in a market testing and development process since 2021. With the full TNFD disclosure recommendations released for market adoption in September 2023, we are delighted to provide an opportunity for organisations to learn about the framework’s components and reporting guidelines, and discuss benefits for adoption.

The TNFD takes its inspiration and approach from the TCFD. Both initiatives seek to use the power of risk management and disclosure of financial and non-financial information from companies to investors and lenders to shift capital flows to more sustainable outcomes. While the two frameworks are complementary, there are important differences in the guidance as to how organisations assess nature-related risks. TNFD actively encourages integrated climate- and nature-related risk management and disclosures, rather than the development of dedicated nature-only risk management and reporting.

A market-led approach, combined with input from leading science and data bodies, means the TNFD framework is scientifically rigorous and easy to adopt for both businesses and financial institutions.