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Taskforce on Nature-related Financial Disclosures

The Taskforce on Nature-related Financial Disclosures (TNFD) has developed a set of disclosure recommendations and guidance for organisations to report and act on evolving nature-related dependencies, impacts, risks and opportunities. 

The recommendations and guidance will enable business and finance to integrate nature into decision making, and ultimately support a shift in global financial flows away from nature-negative outcomes and toward nature-positive outcomes.

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Four disclosure pillars

Our disclosure recommendations are structured around four pillars, consistent with the Task Force on Climate-related Financial Disclosures (TCFD) and the International Sustainability Standards Board (ISSB). 

They accommodate the different approaches to materiality in use currently and are aligned with the goals and targets of the Kunming-Montreal Global Biodiversity Framework. 

Publications library

Access our full library of publications, including the recommendations of the TNFD and additional guidance for corporates and financial institutions.

What is the TNFD?

We are a market-led, science-based and government-supported global initiative

Our recommendations and guidance provide organisations with a risk management and disclosure framework to act on evolving nature-related dependencies, impacts, risks and opportunities. 

The recommendations are designed to provide decision-useful information to capital providers and other stakeholders. Whil the Additional Guidance helps organisations identify and assess their nature-related issues.

  • ❝Nature provides irreplaceable services to societies and businesses. I applaud the TNFD’s efforts in publishing today a framework that can be utilised to identify, assess, manage and disclose dependencies and impacts on nature, as well as risks and opportunities for organisations. France, along with various French market actors, has been actively supporting TNFD’s prefiguration and work, especially since its launch in Paris in October 2021. I wish to thank the two co-chairs, Elizabeth Maruma Mrema and David Craig, as well as market actors, scientists, public authorities, and NGOs who have contributed to this framework. The integration of biodiversity by all relevant sectors is what will ensure the shift in global financial flows toward sustainability.❞

    Emmanuel Macron, President of the French Republic (2021)
  • ❝We congratulate the TNFD on this major milestone that will help investors understand the risks companies are facing when it comes to nature-related issues. We are pleased to note the high-level of consistency within the finalised TNFD recommendations and the ISSB Standards, which both incorporate the architecture of the TCFD recommendations. We will consider the TNFD’s work – subject to the outcome of our recent consultation on future priorities – as we strive to simplify the disclosure landscape to deliver consistent, comprehensive sustainability-related disclosure for investors.❞

    Sue Lloyd, Vice Chair of the ISSB
  • ❝Unless African politicians and leaders learn the lessons of others to protect nature now, the consequences will be far worse than people realise. For a collapse in biodiversity across the planet does not just mean that we face an extinction of plants and animals, but a collapse in clean water supplies, food security and the health of humans.❞

    Dr. Donald Kaberuka, former President of the African Development Bank, Co-chair of the United Nations Secretary-General’s High-Level
  • ❝The biggest enemy from the environment are governments that deny the seriousness of climate change, destroy environmental governance, incentivize predatory use of forests without moral scruples blaming the devastation victims, which are poor populations.❞

    Marina Silva, Brazil’s Minister of the Environment and Climate Change, Environmentalist, UN Champion of the Earth, Goldman Environmental Prize awardee
  • ❝With guidance and determination from governments, Indigenous Peoples, Local Communities, non-state actors, and individuals, we can all do our part to stop biodiversity loss. We can move from agreement to action. Because when we lose nature, we lose ourselves.❞

    Razan Al Mubarak, President of the International Union for Conservation of Nature (IUCN) and UN Climate Change High-Level Champion from the COP28 Presidency
  • ❝If we put together all the knowledge systems that we have — science, technology, traditional knowledge — we can give the best of us to protect our peoples, to protect our planet, to restore the ecosystem that we are losing.❞

    Hindou Oumarou Ibrahim, President of the Association for Indigenous Women and Peoples of Chad (AFPAT)

Understand why nature matters 

Nature underpins the global economy. Our economies are embedded in nature, not external to it.

Yet most corporates, investors and lenders today are inadequately accounting for nature in their decisions.