Taskforce on Nature-related Financial Disclosures – TNFD was launched in June 2021. It is a market led initiative, and its work aims to build on seven principles: market usability, science-based, nature-related risks, purpose-driven, integrated & adaptive, climate-nature nexus and globally inclusive.

It has developed a management and disclosure framework to help organizations integrate nature into decision making, report, and act on nature related risks. Its rational is the same the TCFDs has on climate risk management and disclosures, but its focus is “to ensuring that nature-related dependencies, impacts, risks and opportunities are effectively understood and communicated by corporates to the financial community” (TNFD, 2022).

TNFD has a Knowledge Bank including market insights and reports and organizes various events to promote the adoption of a risk management and disclosure framework for nature-related risks.