Legal & Regulatory News

TNFD releases latest iteration of its framework for nature-related financial disclosures, including initial guidance on metrics

On 28 June 2022, the Taskforce on Nature-related Financial Disclosures (TNFD) released version 0.2 of its beta framework for nature-related risk and opportunity management and disclosure. This release builds on the first iteration released in March and features TNFD’s approach to metrics and additional guidance for market participants to start pilot testing. Ongoing market feedback will support the further design and development of the TNFD recommendations due in September 2023.

The TNFD's approach to measurement of nature-related dependencies, impacts, risks and opportunities seeks to strike a balance between the complexity of the science and the needs of market participants for clear, simple and comparable information. Like the Task Force on Climate-related Financial Disclosures, the TNFD has also focused its attention initially on a cross-sector approach to metrics. The TNFD will develop additional sector-specific metrics as part of specific guidance in future releases.

Click here to view the press release.