The Taskforce on Nature-Related Financial Disclosures is now taking feedback on the approach outlined in this newly-published discussion paper to be submitted by 1 February 2025 from corporates, financial institutions and other interested stakeholders. Based on the feedback, and pilot testing, the Taskforce will develop final #TNFD guidance on nature transition plans in 2025. 🌿 #NatureTransitionPlan #NaturePositive #JustTransition #ESG
🌿 TNFD publishes draft guidance on nature transition planning at COP16 Today, we published a discussion paper that sets out draft guidance on the nature of transition planning for corporates and financial institutions developing and disclosing a transition plan in line with the TNFD recommended disclosures. 🔗 Read the paper - https://lnkd.in/gqj7rGiB 🔗 Read the press release - https://lnkd.in/gPHbjj-c The mission of the Kunming-Montreal Global Biodiversity Framework (GBF) is to halt and reverse biodiversity loss by 2030, towards a 2050 vision of a world living in harmony with nature. Delivering the transition implied by this international agreement requires significant changes to business practices across all sectors. As such, a nature transition plan – as defined in the discussion paper – lays out an organisation’s goals, targets, actions, accountability mechanisms and intended resources to respond and contribute to the transition implied by the GBF. Facilitating an integrated approach to transition planning and disclosure, we have built on current market practice for climate transition planning, in particular the work of the Glasgow Financial Alliance for Net Zero (GFANZ) and on the recommendations of the Transition Plan Taskforce (TPT) for climate transition plan disclosure. What’s next ❓ We welcome feedback on the approach outlined in this discussion paper by 1 February 2025 from corporates, financial institutions and other interested stakeholders. Based on the feedback received through the consultation, and insights gained through potential pilot testing, the Taskforce will develop final TNFD guidance on nature transition plans that will be published in 2025.