Over 320 Organizations Commit to Nature-related Financial Disclosures with TNFD Recommendations

On January 16, 2024, the Taskforce on Nature-related Financial Disclosures (TNFD) was pleased to announce at the Annual Meeting of the World Economic Forum that 320 organizations from over 46 countries have committed to making nature-related disclosures based on the TNFD Recommendations. This is considered a clear signal of the increasing recognition among investors, lenders, insurers, and companies regarding the importance of addressing both nature and climate as risks and opportunities.

The TNFD corporate reporting recommendations on nature-related issues were released in September 2023, consisting of 14 recommended disclosures following the Taskforce on Climate-related Financial Disclosures Structure. These recommendations align with global biodiversity goals outlined in the Kunming-Montreal Global Biodiversity Framework and are consistent with the new S1 and S2 sustainability reporting standards by the International Sustainability Standards Board (ISSB), along with other existing nature and biodiversity impact reporting standards from the GRI.