The Taskforce on Nature-Related Financial Disclosures (TNFD) is one of the main bodies developing guidance for companies on what nature-related risk and opportunity management and disclosure. The TNFD beta framework version 0.2 was recently launched, and Globalbalance is proud to have supported its development.
Annelisa Grigg, director of Globalbalance supported the development of the guidance on metrics, the locate phase of the LEAP methodology and finance sector guidance, making a critical contribution to the framework that will enable organisations to report and act on evolving nature-related risks.
This release builds on the TNFD beta framework V0.1 release in March 2022 (which Globalbalance also supported), and features TNFD’s approach to metrics and additional guidance for market participants to start pilot testing.
TNFD Co-Chairs, Elizabeth Mrema and David Craig, said:
“The Taskforce has continued to work at great pace, listening to feedback and building upon the first iteration of the beta framework released in March. We are delighted with the level of market interest and feedback in the process and will continue to develop a science-based, practical approach aligned as much as possible with other standards-setting, regulatory and policy developments globally as they evolve.”
The Taskforce aims to learn from pilot testing and feedback over the next 12 months to arrive at a manageable set of disclosure metrics for nature-related dependencies, impacts, risks, and opportunities by the time the Taskforce publishes its final recommendations in September 2023.