Creating a #NaturePositive world will require every industry to take action! To support organizations in identifying, assessing and reporting on their nature-related dependencies, impacts, risks and opportunities, the Taskforce on Nature-related Financial Disclosures (TNFD) has published new sector guidance to provide sector-specific considerations when applying the TNFD LEAP approach and disclosing sector-specific metrics in line with the TNFD recommendations. The guidance builds on existing industry standards and tools and complementary sector guidance Business for Nature developed alongside WBCSD – World Business Council for Sustainable Development and the World Economic Forum. "The release of this guidance marks a significant step forward in enabling businesses in specific sectors to assess and disclose their nature-related dependencies and impacts. This resource complements existing guidance for 14 sectors developed by Business for Nature, the World Economic Forum and the World Business Council for Sustainable Development that outlines the priority actions companies from these sectors should take to transform their business and meet the ambitions they have set out as part of a credible nature strategy." - Eva Zabey, CEO, Business for Nature. 🔗 Explore TNFD's sector guidance - https://lnkd.in/gJ-ArCfA #TNFD #NaturePositive #Guidance #WEF25 #Disclosure #LEAP
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Nature doesn’t stand still - neither does the great work by TNFD! 🌍🌿 TNFD’s latest sector guidance equip businesses with tailored guidance to navigate nature-related risks.🔎 Explore the new insights: https://ow.ly/W0BI50UMFEi #TNFD #naturalcapital #financefornature
📚 Additional sector guidance published Last week we published final guidance for four sectors. This brings the total number of sectors for which the TNFD provides guidance to 13. 🗺️All sector guidance - https://ow.ly/W0BI50UMFEi The guidance complements the TNFD recommendations, disclosure metrics and LEAP assessment approach, published in September 2023. Each sector guidance includes: 📋 Detailed sector-specific application of the LEAP approach 🌐 Guidance on applying the core global disclosure metrics 📈 Core & additional sector disclosure indicators & metrics ✅ Illustrative dependency & impact matrix using ENCORE data 📊 Comprehensive list of tools and datasets for LEAP phases 🎯 Possible environmental assets, ecosystem services, impact drivers, risks and opportunities, and response actions for each sector This guidance has been developed through extensive consultation with our Knowledge Partners and market participants globally and builds on existing industry standards and tools such as ENCORE as well as complementary sector guidance developed by Business for Nature, WBCSD – World Business Council for Sustainable Development and the World Economic Forum. #Sustainability #TNFD #NaturePositive #SectorGuidance
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📚 Additional sector guidance published Last week we published final guidance for four sectors. This brings the total number of sectors for which the TNFD provides guidance to 13. 🗺️All sector guidance - https://ow.ly/W0BI50UMFEi The guidance complements the TNFD recommendations, disclosure metrics and LEAP assessment approach, published in September 2023. Each sector guidance includes: 📋 Detailed sector-specific application of the LEAP approach 🌐 Guidance on applying the core global disclosure metrics 📈 Core & additional sector disclosure indicators & metrics ✅ Illustrative dependency & impact matrix using ENCORE data 📊 Comprehensive list of tools and datasets for LEAP phases 🎯 Possible environmental assets, ecosystem services, impact drivers, risks and opportunities, and response actions for each sector This guidance has been developed through extensive consultation with our Knowledge Partners and market participants globally and builds on existing industry standards and tools such as ENCORE as well as complementary sector guidance developed by Business for Nature, WBCSD – World Business Council for Sustainable Development and the World Economic Forum. #Sustainability #TNFD #NaturePositive #SectorGuidance
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Excited to see TNFD's new case study library! 🌿 For those working in corporate sustainability, we all know how challenging it can be to tackle new frameworks and reporting requirements. That's why it's great to see a new resources like this. I found it extremely valuable learning from others when TCFD was a new initiative and I begin doing TCFD reporting for my clients. Having these case studies and learning from others will be very important as more of us start taking on TNFD-related work. Check it out here: https://lnkd.in/gTfFjmbR #Sustainability #ESG #TNFD #TCFD
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🚨 Reminder: Final Feedback on TISFD Scope and Mandate Due August 1st! As part of the Taskforce on Inequality and Social-related Financial Disclosures (TISFD) Working Group, we want to remind our community members to provide their input on the emerging governance structure and technical scope. Your insights are crucial as we aim to harmonize and strengthen financial disclosures on inequality and social issues. To provide your feedback, please visit the ‘Provide Feedback’ page on the TISFD site to access two short documents prepared by the TISFD Working Group outlining recommendations on the possible scope and mandate of TISFD’s work and the proposed governance model. Feedback will be accepted on a rolling basis until August 1, 2024. https://lnkd.in/e3MUK7JA Thank you for your continued support and engagement. We value your feedback in our effort to create a more inclusive and sustainable financial system. #InclusiveCapitalism #FinancialDisclosure #Sustainability #TISFD #Governance
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Double Materiality impacts sustainability reporting by requiring companies to evaluate their environmental, social, and governance matters from both financial effects and potential impacts on people and the environment. This approach aligns with global efforts and is crucial for providing relevant and faithful information on sustainability matters.
ESRS <=> TNFD is now connected to Double Materiality TNFD and EFRAG have jointly published a mapping of the correspondence between the ESRS and the TNFD’s recommended disclosures and metrics, illustrating the high level of commonality achieved. The 14 disclosures recommended by the TNFD and the ESRS requirements are both designed to provide relevant and faithful information on nature-related sustainability matters. Download mapping : https://lnkd.in/eisNbEdN Taskforce on Nature-related Financial Disclosures (TNFD) EFRAG FSB Task Force on Climate-related Financial Disclosures (TCFD) Tony Goldner Patrick de Cambourg Emily McKenzie Science Based Targets Network #biodiversity #csrd #esrs #nature
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ESRS <=> TNFD is now connected to Double Materiality TNFD and EFRAG have jointly published a mapping of the correspondence between the ESRS and the TNFD’s recommended disclosures and metrics, illustrating the high level of commonality achieved. The 14 disclosures recommended by the TNFD and the ESRS requirements are both designed to provide relevant and faithful information on nature-related sustainability matters. Download mapping : https://lnkd.in/eisNbEdN Taskforce on Nature-related Financial Disclosures (TNFD) EFRAG FSB Task Force on Climate-related Financial Disclosures (TCFD) Tony Goldner Patrick de Cambourg Emily McKenzie Science Based Targets Network #biodiversity #csrd #esrs #nature
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🚨 TNFD UK consultation group webinar 🚨 The Taskforce on Nature-related Financial Disclosures (TNFD) UK Consultation Group, convened by the Green Finance Institute, is running a webinar which will explore how different companies across the UK are getting started with the TNFD recommendations. 📅 17th October 2024 🕛 11:00 - 12:00 London You will hear from 3 UK companies across a range of sectors that have adopted the TNFD recommendations and published their first TNFD-aligned report: - Rebecca Speed, Natural Capital Implementation Manager, United Utilities - Richard Harris, Global Biodiversity Manager, British American Tobacco - Henry Powell, Senior Sustainability Manager, Landsec - Charlie Dixon, UK Market Engagement Lead for TNFD, GFI (moderator) The discussion will explore each company’s motivations for getting started with the TNFD recommendations, what their first steps have been, and how this is helping to inform action across their organisation. The Q&A will provide an opportunity for companies exploring the TNFD recommendations themselves to share their experiences and learn how the panellists have navigated any challenges. Register here: https://lnkd.in/eSKPxhJ6 #nature #TNFD #naturefinance #naturedisclosure #naturepositive #sustainablefinance #biodiversity
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Your input is useful. Please write something, however small. Know that antagonists flood this consultations so they can litigate against it (the playbook against the SEC climate pollution disclosure rule). Your input matters. Can be just a sentence. Pay attention. Show up. #nature #ENVR138A #investment #sustainableinvestment #esg #TNFD #consultation
📢 Feedback deadline – 1 February The deadline to provide feedback on the draft guidance on the nature of transition planning for corporates and financial institutions closes on 1 February 2025. We encourage all types of organisations, companies, financial institutions, NGOs, academic and scientific institutions and other interested stakeholders to submit feedback and help inform the development of the final guidance set for publication later this year. Providing feedback: 1️⃣ Download the discussion paper online 🔗https://ow.ly/FZQg50UBjqv 2️⃣ Catch up on the webinar 🔗https://ow.ly/mCo450UBjqt 3️⃣ Submit a feedback survey online 🔗https://ow.ly/fg0I50UBjqu If you have any questions about the consultation process, please email feedback@tnfd.global. If your organisation would like to be considered for the 2025 pilot testing programme, please express your interest here - https://ow.ly/qVlF50UBjvB #TNFD #NatureTransition #Transition #SustainableFinance #Disclosure
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Asian firms now account for 45% of the more than 400 companies signed up to the Taskforce on Nature-related Financial Disclosures (TNFD), which represent over $6trn in market capitalisation, an increase of 50% since the TNFD’s Early Adopter announcement in January. The TNFD announced at London Climate Action Week (LCAW) a 30% increase in adopters of their corporate reporting recommendations since January and released a suite of sector guidance, including recommended sector-specific disclosure metrics, to support reporting by companies and financial institutions. More... https://ow.ly/HUFn50SuNRL #SingaporeInsurance #LCAW #LCAW24
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Are you ready for TNFD? As more companies commit to the Taskforce on Nature-related Financial Disclosures (TNFD) framework, the demand for actionable, nature-focused insights has increased immensely. RS Metrics' ESGSignals provides the advanced, data-driven analytics that align perfectly with TNFD’s transparency and sustainability goals, empowering businesses to meet these rigorous standards with confidence and efficiency. #TNFD #NatureBasedFinance #ESG Explore more at: https://hubs.li/Q02XwV7V0
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Driving Impact Globally
2moSector-specific guidance like this is a crucial catalyst for aligning business strategies with nature-positive goals, turning ambition into measurable impact.