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The Taskforce for Nature-related Financial Disclosure (TNFD) was founded in June 2021 to provide a framework for corporations and financial institutions to assess, manage and report on their dependencies and impacts on nature beyond climatechange.
Both standards will require companies to disclose how they are both directly and indirectly responding to risks and opportunities, how their subsequent strategy will be resourced, and what consequent changes they expect to financial position and performance over time. .
Standardised climate data and disclosures benefit corporations , financiers, investors, and policymakers in assessing the financial sectors contribution to climate goals and making informed decisions. Climatechange and its impacts are real and directly impact the financial sector.
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