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The Taskforce on Nature-related Financial Disclosures(TNFD) provides guidance and recommendations for businesses and finance to assess, report, and act on their nature-related dependencies, impacts, risks and opportunities.
TNFD aims to provide decision makers in business and capital markets with better quality information through corporate reporting on nature that improves enterprise and portfolio risk management. Robust information on nature-related issues allows business to incorporate nature-related risks and opportunities into their strategic planning, risk management and asset allocation decisions. Better information in the hands of investors and other capital providers can help shift the flow of global capital to more positive outcomes for nature and society.
The TNFD Recommendations and Additional Guidance are designed to help organisations to report and act on evolving nature-related issues with the ultimate aim of supporting a shift in global financial flows away from nature-negative outcomes and toward nature-positive outcomes.
In mid 2022, RIAA became the consultation group convenor for Australia and Aotearoa New Zealand.
These Consultation Groups are designed to support awareness of the TNFD recommendations and additional guidance, identify current knowledge and understanding gaps on nature-related issues, and build capacity for nature-related reporting across markets.
For further information on joining a consultation please see here.
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