HomeAbout us A market-led, science-based and government-backed initiative providing organisations with the tools to act on evolving nature-related issues Our mission Our work Who we are History Why nature matters How we’re funded Back to top Our mission Society, business and finance depend on nature’s assets and the services they provide. The acceleration of nature loss globally is eroding the ability of nature to provide these vital services. Taking action to conserve and restore nature is now a critical global priority. Doing so will reduce risks to business and finance. Mobilising business innovation and private finance to halt and reverse nature loss and contribute to nature-positive outcomes will be a major source of new commercial opportunity and competitive advantage. While the case for action is clear, business and finance organisations today do not have the information they need to understand the risks and opportunities for their organisation that result from their impacts and dependencies on nature. We aim 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. Our work 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. To develop the recommendations and guidance, the Taskforce adopted an open innovation approach to crowd in the expertise and perspectives of market participants and other interested stakeholders. Over the two-year design and development phase leading to the publication of the TNFD recommendations in September 2023, we received feedback from over 60 countries. Over 200 pilot tests of a prototype framework were conducted by business and financial institutions around the world across sectors, geographies and biomes. To learn from and incorporate existing standards, frameworks and tools into the TNFD Recommendations and Additional Guidance, the Taskforce collaborated closely with its knowledge partners, including standards bodies such as the ISSB and GRI, scientific and conservation organisations such as IUCN and UNEP-WCMC, and framework providers including the Capitals Coalition and the Science Based Targets Network (SBTN) . Business, finance and the resilience of nature TNFD Co-Chairs, Elizabeth Maruma Mrema and David Craig are joined by international leaders to explain how the prosperity of societies and the profits of business depend on the health and resilience of nature. While the risks to of inaction are growing for business and finance, contributing to nature’s positive outcomes provides transformation opportunities that benefit the planet, people and profits. The building blocks of business Our recommendations and guidance provide the building blocks to help businesses and financial institutions better understand their nature related impacts, dependencies, risks and opportunities. Business, finance and society 100% dependent on natures four realms. They are the building blocks of our global economy. Find out how TNFD can help businesses get started. Who we are We are a market-led and science-based initiative supported by national governments, businesses and financial institutions worldwide. Our Taskforce consists of 40 individual Taskforce Members representing financial institutions, corporates and market service providers with over US$20 trillion in assets, co-chaired by David Craig and Elizabeth Mrema, lead the Taskforce. Understand more about who we are below. History From inception to delivery, explore our key milestones to understand our origins and our open innovation approach to the design and development of the TNFD Recommendations. Learn about our future priorities. Our history Why nature matters Nature forms the foundation of the world’s economy. Our economies are closely connected to nature, not separate from it. However, many companies, investors and lenders today aren’t considering their impacts and dependencies on nature and the related risks and opportunities to their organisations. Find out more about why nature matters to society, corporates and providers of capital. Why nature matters How we’re funded Our design and development phase has been funded by the governments of Australia, France, Germany, the Netherlands, Norway, Switzerland and the United Kingdom as well as the Children’s Investment Fund Foundation (CIFF), the Global Environment Facility (GEF), the Macdoch Foundation and the United Nations Development Programme (UNDP). We also benefit from pro-bono assistance offered by Taskforce member organisations, TNFD Forum Members and governmental entities. The TNFD Secretariat is administratively supported by the Green Finance Institute (GFI) and operates as GFI PMO Ltd. with company registration number 13559729, and has its registered address at International House, 24 Holborn Viaduct, London, United Kingdom, EC1A 2BN. Recommendations of the TNFDThe TNFD Recommendations provide companies and financial institutions with a risk management and disclosure framework to identify, assess, respond to and, disclose their nature-related issues. Recommendations of the TNFD