Taskforce on Nature-related Financial Disclosures (TNFD)

How can the TNFD support your nature reporting requirements? The global architecture for action on nature-related corporate reporting is now firmly in focus and coming together quickly. Since the release of the TNFD recommended disclosures in September 2023, the TNFD has been working in collaboration with several global standards bodies and disclosure platforms (UN Biodiversity, GRI, EFRAG, CDP, IFRS Foundation) to encourage early harmonisation of the emerging nature-related reporting landscape and make it as practical as possible for companies to identify and assess their nature-related issues. Swipe to find out more ➡️➡️➡️ Through these ongoing efforts, our goal is to minimise divergence in requirements, use the same metrics to the greatest extent possible and avoid where possible duplication of reporting outputs. What’s clear from our mapping work with these partners is that companies that are already using or preparing to report in line with these global or jurisdictional reporting standards are well placed to be aligned with the TNFD recommendations. 📢 At the UN Biodiversity #COP16 in Colombia, we will announce the next cohort of TNFD Adopters 🔗Register here - https://ow.ly/YApx50T3f9B 🗓️Deadline - 11 October #Nature #biodiversity #CSRD #NatureReporting #COP16 #UNBiodiversity #GRI #CDP #IFRSFoundation #ISSB

Two weeks ago, we launched with Taskforce on Nature-related Financial Disclosures (TNFD) a joint interoperability mapping document 📕 It’s a useful resource for #sustainabilityreporters focussing on #biodiversity 🐝 and #nature 🌼 providing a comprehensive overview of the alignment between the #GRIStandards and #TNFD Disclosure Recommendations and metrics. Key milestones of the mapping include: ✅Consistency on nature-related concepts and definitions. ✅All disclosures in #GRI101: Biodiversity 2024 are now included in the TNFD Recommendations, and GRI Standards feature the Recommendations (except for those specifically on nature-related risk and opportunity assessments). ✅Strong alignment between the TNFD core global disclosure metrics and related GRI Standards. Initial mapping also shows consistency between TNFD sector metrics and corresponding GRI Sector Standards. To know more… Consult the press release 👉 https://lnkd.in/duhxxEcR Download the guidance document 👉 https://lnkd.in/d-Ub4zHW Access the interoperability mapping 👉 https://lnkd.in/dcjrFsnk #sustainabilityreporting #interoperability #sustainabilitydisclosures

On Monday, we will host the next webinar in the TNFD 101 series on "Assessing nature related issues - introduction to the TNFD LEAP Approach". Register here 👉 https://ow.ly/SaEN50SYiIN 📅 19 August 2024 🕛 09:00 - 10:00 New York | 14:00 - 15:00 London | 15:00 - 16:00 Paris | 21:00 - 22:00 Singapore TNFD's Thomas H. will present an introduction to the TNFD LEAP Approach, our proposed methodology designed to help organisations identify and assess their nature-related dependencies, impacts, risks, and opportunities. This session is ideal for organisations that are new to the TNFD or looking to build their knowledge of how to identify and assess nature-related issues. Here are some useful resources on LEAP: ◼️ TNFD Explained https://ow.ly/LyhY50SYiIL ◼️ TNFD in a box - Module 4 - The TNFD Assessment Approach https://ow.ly/tJ6f50SYiIK ◼️ Full guidance on the TNFD LEAP Approach https://ow.ly/b3QH50SYiIM #TNFD #LEAP #SustainableFinance

🌊Diving into oceans data: new technologies and implications to support corporate reporting. The next webinar in our public series dives into how data is transforming our understanding of marine ecosystems. We are joined by renowned oceanography and data analysis expert Keith Tuffley and Kat Bruce, Founder of NatureMetrics who will guide us through innovative techniques and insights shaping the future of our seas and how this will help support the TNFD’s work on oceans and metrics. Kimberly Mathisen, CEO of HUB Ocean, will share insights on current global efforts to improve ocean data. 📅 3 September 2024 🕛 07:00 - 8:00 New York | 12:00 - 13:00 London | 13:00 - 14:00 Paris | 19:00 - 20:00 Singapore 𝗥𝗲𝗴𝗶𝘀𝘁𝗲𝗿 👉 https://ow.ly/zz3M50SWC44 What will be discussed? ◾ Dive into how global stakeholders are collaborating to define, collect, aggregate and monitor data specific to the ocean realm to help ensure a Sustainable Blue Economy.   ◾ Understand TNFD's Recommendations framework: Gain insights into the TNFD's work on oceans and metrics.   ◾ Explore new ocean data being collected using innovative techniques and insights. Discover how these advancements are shaping the future of our seas and supporting the TNFD’s work on ocean metrics. ◾ Incorporating ocean data into nature-related corporate reporting using the TNFD recommendations and guidance.   #TNFD #NatureReporting #OceansData #Oceans

𝗢𝗽𝗲𝗻 𝗳𝗼𝗿 𝗰𝗼𝗻𝘀𝘂𝗹𝘁𝗮𝘁𝗶𝗼𝗻 𝗮𝗻𝗱 𝗳𝗲𝗲𝗱𝗯𝗮𝗰𝗸 Draft guidance for five sectors is now available on our website and is open for consultation and feedback. 🌎 Draft sector guidance - https://ow.ly/1n6x50SUvmu 📅 Deadline - 27 September We invite organisations, market participants and other interested stakeholders to submit feedback via the website. The Taskforce will review all the feedback before issuing the final guidance in December 2024. Feedback is particularly welcomed on how to improve the guidance, whether the proposed sector metrics are decision-useful and proportionate, and any suggestions for additional metrics. ◾ Apparel, accessories and footwear ◾ Beverages ◾ Construction materials ◾ Engineering, construction and real estate ◾ Fishing We look forward to receiving feedback from all interested stakeholders. If you have any questions, please contact - feedback@tnfd.global #TNFD #Nature #SustainableFinance #Feedback

On International Day of the World's Indigenous Peoples, we are recognising the critical role and contributions made by Indigenous Peoples and local communities to the ecosystems and the services they provide us all. Although Indigenous Peoples represent only 5% of the global population, they protect 80% of Earth’s remaining biodiversity. According to the United Nations, Indigenous Peoples' territories encompass 28% of the globe's surface and contain 11% of the world’s forests. The forests on their land are better maintained and have higher preserved biodiversity than those on non-Indigenous lands. But just this week, the World Benchmarking Alliance published findings that most companies neglect Indigenous Peoples' rights, with fewer than 13% of those evaluated in their Nature Benchmark (https://ow.ly/iKKP50STIHY) demonstrating a clear commitment to respecting these rights. Learning from their stewardship and safeguarding their land and human rights is crucial to halting and reversing nature loss. Companies must begin to understand the role they play in engaging and supporting Indigenous Peoples and Local Communities and affected stakeholders as they identify and assess their own nature-related issues. Last year, we published the following guidance to help organisations better understand who to engage with, how to align with due diligence standards, and how to prepare, design, and conduct effective engagement: 𝗥𝗲𝗮𝗱 𝗵𝗲𝗿𝗲 👉 https://ow.ly/hBj050STIHX This approach shows how high-quality engagement helps organisations to reach a fuller understanding of nature related issues, manage these issues effectively and establish relationships of trust based on transparency and mutual respect. Given that meaningful engagement is a continuous process, this will serve the organisation well over the medium and long-term. #TNFD #Nature #IndigenousPeoples #IPLCs #IndigenousPeoplesDay https://ow.ly/FxEG50SUjiC https://ow.ly/WHbl50SUjj8 https://ow.ly/zOyw50SUjjQ

𝗪𝗲𝗯𝗶𝗻𝗮𝗿 𝗧𝗡𝗙𝗗 𝟭𝟬𝟭: 𝗨𝗺𝗮 𝗶𝗻𝘁𝗿𝗼𝗱𝘂çã𝗼 à 𝗙𝗼𝗿ç𝗮-𝗧𝗮𝗿𝗲𝗳𝗮 𝘀𝗼𝗯𝗿𝗲 𝗗𝗶𝘃𝘂𝗹𝗴𝗮çõ𝗲𝘀 𝗙𝗶𝗻𝗮𝗻𝗰𝗲𝗶𝗿𝗮𝘀 𝗥𝗲𝗹𝗮𝗰𝗶𝗼𝗻𝗮𝗱𝗮𝘀 à 𝗡𝗮𝘁𝘂𝗿𝗲𝘇𝗮 Na próxima semana, teremos uma sessão em Portugues com Alan Marini, Associado da TNFD , que fará uma introdução detalhada à TNFD, às recomendações e orientações, antes de responder às perguntas da audiência. 📅 13 de Agosto de 2024 🕣 12:00-13:00 Brasília | 14:00-15:00 Cabo Verde | 16:00-17:00 Lisboa | 17:00-18:00 Moçambique 👉 Inscreva-se - https://lnkd.in/gJRwW7jK O que será abordado❓ Neste webinar, exploraremos por que a TNFD foi criada, quais são seus objetivos, a abordagem que a Força-Tarefa adotou e o que foi recomendado em termos de melhor gestão de questões relacionadas à natureza, incluindo suas recomendações para a avaliação organizacional de questões relacionadas à natureza e relatórios corporativos. Conselho Empresarial Brasileiro para o Desenvolvimento Sustentável (CEBDS) United Nations Environment Programme Finance Initiative (UNEP FI), Global Canopy,@Alan Marini @Alessandra Melis @Gabriela Hermosilla #TNFD #Brazil #Natureza

Although some companies are helping to halt and reverse #biodiversity loss, the majority do not yet fully understand how they impact and depend on nature, according to the World Benchmarking Alliance (WBA). The WBA has updated its Nature Benchmark, assessing how more than 800 major companies across various sectors including household products, apparel, mining, and food are impacting #nature and protecting and restoring #ecosystems. Five key findings: 1️⃣ Nature blind spot: only 5% of companies assess their #impact, and less than 1% understand #dependencies The landscape is rapidly changing – the #CSRD will require many large businesses to disclose their #material sustainability impacts and dependencies from 2025. Regardless of their regulatory requirements, all companies should adopt a risk management and disclosure framework such as the Taskforce on Nature-related Financial Disclosures (TNFD). 2️⃣ Companies overwhelmingly disregard Indigenous Peoples’ rights To carry out projects with the potential to affect IPLCs, companies must commit to obtaining Free, Prior and Informed Consent (#FPIC) from them to ensure their agency in the future of their territories. The industries where companies were most likely to provide information about how they obtained FPIC were Tyres & Rubber (21%), Paper & Forest (17%) and Metals & Mining (14%). 3️⃣ As #water insecurity rises, companies must accelerate their water stewardship The Ceres Corporate Expectations for Valuing Water and Science Based Targets Network Freshwater Targets provide comprehensive guides and expectations for water stewardship for companies. 4️⃣ High risk of #greenwashing on #plastic, as companies struggle to back up efforts with data 5️⃣ Increasing board accountability: more leadership needed at the top To enable impact, companies should prioritise developing a #sustainabilitystrategy that covers nature, supported by concrete high-level responsibility and accountability for delivering the strategy. #sustainabilityreporting #esrs

📊 Support the development of the TNFD Tools Catalogue Over the past three years, the TNFD has been exploring the various data-related challenges and solutions in corporate assessment and reporting of nature-related issues. To meet the market demand for addressing these challenges, the Nature-related Data Catalyst was established, and the TNFD Tools Catalogue was developed. The catalogue lists over 180 tools available today to support the assessment and reporting of nature-related issues. 🔎 Tools Catalogue - https://ow.ly/R0Oa50SSicy ✅ Complete survey - https://ow.ly/3Q3N50SSicx To inform the ongoing development of the Tools Catalogue's usability and functionalities, we are inviting both end users and tool providers to complete this survey by 30 August. The availability of accurate, comparable and decision-useful nature-related data is an essential pre-requisite to address the global challenge of accelerating nature loss. To help address some of the challenges and misconceptions about nature-data, read more here 👉 https://lnkd.in/gvAaTJ36 #TNFD #NatureData #Biodiversity #NatureTech

How can the TNFD help your organisations assess their nature-related dependencies, impacts, risks and opportunities⁉ The next webinar in our TNFD 101 series introduces the TNFD LEAP Approach, our methodology to help organisations identify and assess their nature-related issues. 𝗧𝗡𝗙𝗗 𝟭𝟬𝟭: 𝗔𝘀𝘀𝗲𝘀𝘀𝗶𝗻𝗴 𝗡𝗮𝘁𝘂𝗿𝗲 𝗿𝗲𝗹𝗮𝘁𝗲𝗱 𝗶𝘀𝘀𝘂𝗲𝘀 - 𝗜𝗻𝘁𝗿𝗼𝗱𝘂𝗰𝘁𝗶𝗼𝗻 𝘁𝗼 𝘁𝗵𝗲 𝗧𝗡𝗙𝗗 𝗟𝗘𝗔𝗣 𝗔𝗽𝗽𝗿𝗼𝗮𝗰𝗵 📅 19 August 2024 🕛 09:00 - 10:00 New York | 14:00 - 15:00 London | 15:00 - 16:00 Paris | 21:00 - 22:00 Singapore 𝗥𝗲𝗴𝗶𝘀𝘁𝗲𝗿 👉 https://lnkd.in/gev38uua This webinar will provide guidance on the TNFD LEAP Approach, the integrated methodology that TNFD has developed for the identification and assessment of nature-related issues. The LEAP Approach helps organisations conduct the due diligence necessary to inform disclosure statements aligned with the TNFD recommendations. It is also useful for other organisations looking to identify and assess their nature-related issues, regardless of their formal disclosure requirements. Ahead of the session, we recommend downloading our guidance on LEAP: 𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 🔽 https://lnkd.in/gtQttgqR The TNFD 101 webinar series is designed for organisations who are seeking an introduction to the TNFD, our recommendations, guidance and tools. #TNFD #LEAP #Nature #CorporateReporting #