Service Description

TNFD for Financial Institutions The Taskforce on Nature-related Financial Disclosures (TNFD) is a global science-based initiative with the mission to develop and deliver risk management and disclosure framework for organisations to report and act on evolving nature-related issues. The Task Force for Nature-related Financial Disclosures (TNFD) has released a draft form of sector-specific guidance for financial institutions on the TNFD recommendations, the TNFD metrics architecture, and additional sources and references on nature-related issues for financial institutions. Who reports? The additional TNFD guidance The a for financial institutions applies to banks, insurance companies, asset managers and owners, and development finance institutions. institutions offering portfolio management services What is reported? The Taskforce proposes an adaptation of the TNFD disclosure metrics architecture for financial institutions: 1. A metric that represents the financial exposure to a defined set of sectors considered to have maternal nature-related dependencies and impacts. 2. Ametric that represents the financial exposure to companies with activities in sensitive locations 3. Additional metrics aligned with nature change, as relevant to the financial institution Benefits Disclosure can allow companies to enhance and protect their reputation, attract capital, and track and benchmark progress The TNFD framework helps financial institutions to identify nature-related risks and opportunities