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?

Reunión del grupo de consulta del TNFD en Espa?a 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 espa?olas, reflejo del creciente compromiso del sector empresarial en Espa?a 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 Espa?a 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

With COP16 on nature now concluded, the US presidential election decided and COP29 on climate just beginning, 2024 is coming to a close with a lot of cross currents in the climate and nature finance space. During COP16, we published a number of discussion papers, now open for consultation, and announced the next cohort of organisations that are now committed to making TNFD-aligned disclosures. In case you missed any of our announcements, you can swipe through to find out more ???? ?? $17.7???? ?????????????????? ???? ????????-?????????????? ?????????????????? We were delighted to announce that over 500 organisations globally are now committed to TNFD-aligned nature-related risk management and corporate reporting! This significant milestone highlights the increasing recognition of the critical need to integrate nature into business strategies. ?? Learn more here: https://ow.ly/N8r250U622G ?? ?? ?????????????????? ???? ???????????? ???????????????????? ???????????????? At a packed event at COP16, we released a discussion paper on draft guidance for nature transition plans. This paper builds on work by Glasgow Financial Alliance for Net Zero (GFANZ) and the Transition Plan Taskforce (TPT), and outlines how businesses can create effective transition plans aligned with nature-related goals as outlined in the Global Biodiversity Framework. The discussion paper is open for consultation and feedback until 1 February 2025. ?? Download the guidance: https://ow.ly/czZz50U622B ?? ???????????????????? ?????? ???????????? ???????? ?????????????????? We also published a draft roadmap to enhance market access to high-quality nature-related data. This roadmap addresses market demand for reliable, decision-useful data critical for effective nature risk management. ?? Download the draft roadmap: https://ow.ly/HMNi50U622A ?? ???????????????????? ???????????????????? ?????????????????????? We were excited to collaborate with CIELO Mex, an NGO focused on supporting Indigenous enterprises. During an event hosted in the Green Zone, we released a report showcasing the first Indigenous-led enterprise pilot test of our LEAP approach. This paper highlights the importance of Indigenous knowledge in managing dependencies and impacts on nature, showcasing successful case studies from a workshop hosted by CIELO Mex in June 2023. ?? Download in Spanish or English: https://ow.ly/BpNM50U622E ?? Learn more about CIELO Mex: https://ow.ly/fifT50U622F ??? To stay up to date with all new developments and news by signing up to our mailing list ??https://ow.ly/aGPk50U622z #TNFD #COP16 #NatureReporting #SustainableFinance

A special episode of Outrage + Optimism is now available online. Tony Goldner sat down with Tom Rivett-Carnac and Paul Dickinson to talk about #COP16, how we can get nature onto the balance sheet, and why financial institutions are starting to realise they "can't denature" their portfolios... ?? Listen back - https://lnkd.in/g_c-cv3i #TNFD #COP16 #NaturePositive

We would like to congratulate our Executive Director, Tony Goldner, on being named to the 2024 TIME100 Climate List. The list recognises the 100 most influential leaders driving business climate action, and Tony’s inclusion highlights the growing recognition by corporates, financial institutions and policymakers of the work of the TNFD and the urgency to get started with integrating climate, nature and biodiversity considerations into strategic risk management processes. Congratulations, Tony, on this well-deserved honour. View the full list here?? https://lnkd.in/gpnWpXDK TIME, #TNFD #COP16 #COP29 #Nature #CorporateReporting

Last week, WBCSD – World Business Council for Sustainable Development published "Reporting Matters 2024" outlining several key trends in sustainability reporting. The findings, featuring analysis from more than 180 corporate sustainability reports, show a significant increase in the number of organisations referencing nature-related reporting frameworks like the Taskforce on Nature-related Financial Disclosures (TNFD) and Science Based Targets Network (SBTN). References to the TNFD in the reports analysed more than doubled from 22% in 2023 to 52% in 2024, while 30% of reports this year reference SBTN. ?? Read full report - https://lnkd.in/e5QpPa6i This analysis follows our recent COP16 announcement that more than 500 organisations have now committed to making TNFD-aligned disclosures in their corporate reporting, with dozens having already started (https://lnkd.in/ev3DSa6W). This shift indicates a growing priority on nature-related financial issues, reflecting an increased recognition of the importance of nature-related disclosures as a strategic risk management issue. #TNFD #CorporateReporting #NatureReporting

?? State of Nature Metrics - Deadline to provide feedback State of nature metrics are essential for advancing credible impact towards nature-positive outcomes. We encourage businesses, financial institutions, regulators, policymakers, scientists, assurance providers, NGOs, landowners, local groups, academics and other interested stakeholders to contribute to the consultation and share your feedback on the State of nature metrics developed by the Nature Positive Initiative. ?? Deadline, 13 November - https://lnkd.in/eycKGxAw The consultation will conclude next week, and your feedback will help in developing a single set of science-based and practical metrics to help organisations assess and report on their impact on nature. #NaturePositive #TNFD #Metrics #SustainableFinance

?? Open for consultation At COP16 we published draft guidance on nature transition planning for corporates and financial institutions developing and disclosing a transition plan. The paper is now open for consultation, and you can provide feedback via the online survey until 1 February 2025. ?? Provide feedback online - https://lnkd.in/gXWf_tc4 We encourage all types of organisations, companies, financial institutions, NGOs, academic and scientific institutions and other interested stakeholders to submit feedback online before the deadline. Based on the feedback received through this consultation period and through pilot testing set to be carried out next year, we expect to publish final guidance on nature transition plans in late 2025. We look forward to continuing to work with a range of partner organisations to develop an approach that is integrated across nature and climate issues and aligned with global policy goals and targets for nature and climate. #TNFD #NatureTransition #Consultation #SustainableFinance #NatureStrategy #NaturePositive