About TNFD: Purpose, goals, aims
What is the purpose of the TNFD?
To develop and deliver a risk management and disclosure framework for organisations to report and act on evolving nature-related risks and opportunities, with the ultimate aim of supporting a shift in global financial flows away from nature-negative outcomes and toward nature-positive outcomes.
Who are the target users or beneficiaries for TNFD’s work?
With demand for an integrated nature-related risk management and disclosure framework growing, the TNFD seeks to provide recommendations and guidance of relevance to a wide range of market participants. These include:
- Investors (including asset owners and asset managers): Support more informed and robust capital allocation decisions based on clarity, confidence, and trust in data relating to nature-related risks. Large asset owners and asset managers can also use their influence to ask organisations they invest in to provide nature-related financial disclosures and risk management aligned with the TNFD framework.
- Banks: Support more informed and robust lending and financial intermediary decisions based on clarity, confidence, and trust in data relating to nature-related risks.
- Insurance companies: Support more informed and robust insurance and asset management decisions based on clarity, confidence, and trust in data relating to nature-related risks.
- Analysts: Enable high quality and timely valuation, risk and credit analysis incorporating nature-related risks to support the determination of potential and likely impacts on future cash flows.
- Corporates: Inform better corporate strategy, governance and risk management decision making and the incorporation of nature-related risk assessments alongside, and ideally integrated with, climate-related risk reporting in statutory reporting to markets and regulators.
- Regulators: Ensure nature-related risk considerations are included in existing disclosure mechanisms and standards and other jurisdiction-specific regulatory requirements.
- Stock exchanges: Support and encourage consideration of new voluntary and mandatory listing requirements linked to nature-related risks and opportunities; and for new listed equity offerings encouraging nature positive outcomes.
- Accounting firms: Enable comprehensive assurance of companies incorporating nature risk and opportunity considerations.
How does the TNFD operate? Is it a private sector or government initiative? How is the TNFD funded?
The TNFD is an international cross-sector initiative. It is a market-led initiative, funded by government and philanthropic partners and backed by G7 and G20 political leaders.
The 34-members of the Taskforce are all from the private sector, but TNFD receives no funding from the private sector. The consultative TNFD Forum includes over 500 organisations across the private sector, public sector and civil society.
Funding for the TNFD is provided by governments, the UN, and philanthropic foundations, including the governments of Australia, the Netherlands, Switzerland and the United Kingdom; the Children’s Investment Fund Foundation (CIFF), the Global Environment Facility (GEF), and the United Nations Development Programme (UNDP).
The TNFD does also benefit from pro-bono support offered by Taskforce member organisations, TNFD Forum organisations and governments. The launch of the TNFD and the initial design and development phase have benefited from significant pro bono contributions from a wide range of consulting firms.
The TNFD is operated under the legal authority of the Green Finance Institute in the UK, which provides secretariat hosting support to the TNFD initiative.
About the TNFD framework and its development
What is the TNFD framework?
The most recent version of the beta framework (v0.2), released in June 2022, builds upon the three core components that were issued in the first iteration of the TNFD beta framework in March 2022. The three components released in the first version of the TNFD beta framework in March 2022 are the draft disclosure recommendations, foundational guidance including key science-based concepts and definitions, and the practical guidance on nature-related risk and opportunity – the LEAP (Locate Evaluate Assess Prepare) assessment approach. You can find these on the online portal or in the report version of the v0.1 TNFD beta framework.
These three initial components have not been substantially changed or altered in the second beta release. The new and updated components in the second iteration include:
- A first draft architecture for metrics and targets, and draft guidance on, and an illustrative set of, dependency and impact metrics
- A proposed approach to specific guidance (new in v0.2)
- An update to LEAP-FI
Alongside the framework itself, the Taskforce also released a range of complementary guidance and case studies:
- Additional piloting guidance to support pilot testing that will run from July 2022 to 1 June 2023
- Additional draft guidance on the ‘Evaluate’ Phase of the TNFD’s LEAP Approach for Dependency and Impact Analysis
- Additional draft guidance on the ‘Locate’ phase of the TNFD’s LEAP approach for Dependency and Impact Analysis
- An updated case study on a hypothetical forestry company application of LEAP and related metrics and data sources. This builds on the case study included in the TNFD Data Discussion Paper, first released alongside TNFD beta v0.1.
What is the design and development approach being taken by the TNFD to develop its recommendations? What is the design and development timeline?
The TNFD is currently in the ‘design and development’ phase of its mission and is adopting an open innovation approach to the development of its risk management and disclosure framework. This will involve iterative prototyping and successive update releases of the beta framework based on market feedback and pilot testing over an 18-month period from March 2022 to September 2023.
- Two iterations of the beta framework have been released, the first (v0.1) in March 2022 and the second version (v0.2) in June 2022.
- A further two releases of the beta framework that will continue to incorporate feedback from market participants and bring in additional framework components are planned for November 2022 (v0.3) and February 2023 (v0.4).
- This will culminate in the final release of the TNFD’s recommendations (v1.0) in September 2023.
What is the reason for releasing various iterations before the final framework is due in 2023?
Both the science of nature, and the way nature-related considerations need to be incorporated into business and financial decision making, is complex. By following on open innovation approach, inviting feedback and creating opportunities to pilot beta versions of the framework, the TNFD is ‘crowding in’ a broad cross-section of market participants and other stakeholders to support the Taskforce with the design and development of a robust risk management and disclosure framework. Through this approach, the TNFD’s final recommendations, when delivered in September 2023, will have benefited from significant input from the market as well as a broad cross-section of scientific partners. This will ensure that TNFD’s ultimate guidance is science-based, useful to market participant decision making processes, and implementable.
Piloting of the TNFD framework by a diverse range of organisations is fundamental to our success; crowding-in insights from stakeholders across different sectors, geographies, and themes.
Is the TNFD creating new disclosure standards?
No. The TNFD is developing an integrated framework for risk management and disclosure with the aspiration to inform, and feed into, the specific standards and disclosure requirements developed by organisations such as the ISSB and specific market regulators.Our approach build upon the work of existing standards bodies such as GRI, CDP and the CDSB, SASB, VRF now part of the ISSB.
Are the TNFD’s recommendations voluntary or mandatory?
TNFD is a voluntary, market-led initiative focused on developing a set of practical recommendations and guidance for market participants to use on a voluntary basis. Whether the TNFD’s recommendation subsequently move from voluntary market practice to mandated disclosure requirements will be determined by government regulators in each jurisdiction around the world. The TNFD is receiving strong interest from policy makers and regulators from a number of jurisdictions and is engaging with them and a wide range of international standards setting bodies as part of our consultation process with market participants.
What can we expect to see in future releases of the beta framework?
With the benefit of feedback and pilot testing from a wide range of stakeholders, and additional research and analysis by the Taskforce with our knowledge partners, we will continue to iterate and build-out the framework, working towards the publication of our final recommendations in September 2023.
Future releases of the beta framework will include:
- Modifications to the draft recommendations published in the first two releases based on feedback received;
- Potentially additional disclosure recommendations;
- Sector-specific guidance building out from v0.2;
- Guidance on the use of scenarios to inform strategy and risk management decision making; and,
- Additional guidance on recommended data, metrics, and targets of relevance to nature-related risk management and reporting building on the architecture and initial guidance provided in v0.2.
TNFD may also issue discussion papers on specific topics on which the Taskforce is looking for feedback from the market, similar to the discussion paper on the data and analytics landscape that has been included in the first v0.1 release.
How TNFD works with other stakeholders and existing initiatives
What involvement has the scientific community had in the development of the framework? Is it science-based?
One of the core principles of the TNFD is to be science based. In line with that principle, the Taskforce has secured the participation of 16 knowledge partners to support the design and development of the Framework. These include some of the world’s leading scientific and conservation organisations, including the Convention on Biodiversity (CBD) Secretariat, UNEP World Conservation Monitoring Centre (UNEP-WCMC), the International Union for the Conservation of Nature (IUCN), the Intergovernmental Science-Policy Panel on Biodiversity and Ecosystem Services (IPBES), the Science Based Targets Network (SBTN), the Stockholm Resilience Centre, and the UN Statistics Division.
As the work of the Taskforce continues, we will continue to expand our global network of science-based partners, including institutions with in-depth regional expertise.
Are Indigenous peoples and local community groups being included in the process?
Yes, TNFD is working with Indigenous Peoples and Local Communities (IPLC) through a partnership with IUCN. Various direct consultations are planned with IPLC leaders and enterprises (July and October 2022) to generate feedback on TNFD’s approach and its framework. TNFD will continue its consultation efforts with IPLCs throughout the developing phase and will actively seek to invite IPLC enterprises to pilot the framework between now and June 2023.
Nature matters to all society, not only business and financial institutions? How does the TNFD reflect these broader social dimensions?
Nature loss effects all of us as citizens. As such, consideration of broader social consequences of nature loss is an important consideration in the overall assessment of an organisation’s nature-related dependences and nature impacts.
The TNFD adopts a definition of nature that includes people in the concept of nature. The TNFD framework also recognises that understanding the dependencies and impacts of other actors on nature is critical to understand nature-related risks and opportunities to a corporation or financial institution. Stakeholder engagement is therefore a critical, cross-cutting element of the LEAP process for nature-related risk and opportunity assessment in the TNFD framework.
The TNFD itself, through this design and development phase of its work, is consulting with IPLCs as part of our consultation and pilot testing activities through a partnership with IUCN.
TNFD and TCFD
What is the relationship between the TNFD and the Task Force on Climate-related Disclosures (TCFD)?
The TNFD takes its inspiration and approach from the TCFD. Both initiatives seek to use the power of risk management and disclosure of financial and non-financial information from companies to investors and lenders to shift capital flows to more sustainable outcomes.
Wherever possible, we are harnessing synergies in framework design and stakeholder engagement to avoid repetition and maximise the prospects of achieving integrated climate-nature disclosures. Institutionally, 45 percent of TNFD’s 34 Taskforce Members were also members of the TCFD, and 88 percent of the organisations they work for are supporters of TCFD.
The draft disclosure recommendations included in TNFD’s beta framework (v0.1 and v0.2) uses the same four pillars of Governance, Strategy, Risk Management and Metrics and Targets as the TCFD. Within each pillar, the draft disclosure recommendations are also closely aligned to the TCFD disclosure recommendations to encourage early adopters to move as quick as possible towards integrated climate-nature disclosures.
While the two frameworks are complementary, there are important differences in the draft guidance as to how organisations assess non-atmospheric nature-related risks. TNFD actively encourages integrated climate- and nature-related risk management and disclosures, rather than the development of dedicated nature-only risk management and reporting.
For example, TNFD captures things that TCFD does not, such as plastics in the oceanic food chain and loss of soil fertility caused by land use change. TNFD also defines atmospheric systems and processes, including climate change, to be part of nature, but refers to TCFD for specifics on disclosure of climate-related risks and opportunities to avoid duplication of recommendations. In line with this approach, the TNFD draft disclosure recommendations do not include specific language related to greenhouse gases (GHG) emissions. TNFD’s framework includes recommendations for assessing and disclosing on nature-related risks and opportunities are nature-specific.
Going forward, TNFD will continue to focus on ensuring that the two frameworks will be comprehensive and compatible to enable an integrated approach in their coverage of climate and nature-related financial risks.
The TNFD framework: technical questions
How does the TNFD deal with the evolution in relevant technical areas, for example, methodologies or tools that are still under development?
The TNFD’s open innovation approach to developing the framework, including partnerships with other leading organisations and initiatives, is designed to deal with the ever-evolving technical landscape around nature-related risks. TNFD is working closely with knowledge partners, including leading scientific organisations and standard setting bodies, to ensure new methodologies and tools are incorporated into the latest version of the framework.
Does the TNFD only look at terrestrial nature-related issues or aquatic as well?
TNFD covers nature-related risks related to the realms of land, ocean and freshwater, and the atmosphere realm to the extent that we need to build on the work of the TCFD to reflect the climate-nature nexus. The TNFD framework focuses on the renewable – or living – elements of nature. Non-living resources, including energy and minerals, are only relevant to the TNFD framework to the extent that they affect the health of living nature.
Are you taking a single or double materiality approach?
The TNFD uses the term “nature-related risks” in referring to the risks posed by the linkages between an organisation’s activities and nature. In addition to shorter-term financial risks (deemed material today), this includes longer term risks represented by its impact and dependencies on nature over time.
As outlined in the beta release of the framework, the TNFD believes the location specificity of nature-related dependencies and impacts means that the notion of materiality is meaningfully different in the nature context than that for climate. As a result, there is a gradual convergence in research and market thinking on materiality – notions such as ‘single materiality’, ‘double materiality’ and ‘dynamic materiality’ – of nature-related risks based on a growing recognition that a businesses’ impacts on nature today in a specific location can accentuate its nature-related dependencies in the medium term and therefore its risks to enterprise value.
Aligned with this, the TNFD framework recognises that consideration of both nature-related dependencies and impacts is critical given the complex inter-relationship between them; and essential for a comprehensive assessment of risks and opportunities. As outlined above, it also acknowledges that an organisation’s impacts on nature become relevant to enterprise value when assessed over a future time horizon (including through scenario analysis).
As a global initiative, the TNFD’s beta framework (v0.1 and v0.2) seeks to align with the global sustainability reporting baseline being developed by the ISSB, with the flexibility for those who want to disclose, or are required to disclose, to a materiality threshold additional to the global baseline.
The Taskforce will continue to consider the approach to materiality in the TNFD framework as work by various organisations across different jurisdictions continues with respect to materiality and reporting. We welcome feedback from market participants.
How did the Taskforce develop the definitions underpinning the framework and the draft recommendations?
The Taskforce has secured the participation of 16 knowledge partners to support the design and development of the framework. These include some of the world’s leading scientific and conservation organisations including the Convention on Biodiversity (CBD) Secretariat, UNEP World Conservation Monitoring Centre (UNEP-WCMC), the International Union for the Conservation of Nature (IUCN), the Intergovernmental Science-Policy Panel on Biodiversity and Ecosystem Services (IPBES), the Science Based Targets Network (SBTN) and the UN Statistics Division. The definitions underpinning the TNFD framework are grounded in the best-available science and established definitions developed over many decades by these and other international scientific organisation.
TNFD welcomes feedback on its definitions throughout its open innovation approach.
Will the TNFD define what ‘nature-positive’ means?
The term nature-positive is not yet well defined or understood in a consistent manner. Nature-positive is defined in this beta version of the framework as a high-level goal and concept describing a future state of nature (including biodiversity, ecosystem services and natural capital) which is greater than the current state.
The TNFD acknowledges that the term ‘nature-positive’ is the subject of ongoing discussions linked to the agreement of the Convention on Biological Diversity’s Post-2020 Global Biodiversity Framework. In future iterations of the TNFD framework, the TNFD will look to align its definition of nature-positive with the CBD Global Biodiversity Framework (GBF), including specific targets agreed, to inform TNFD’s approach to targets and transition plans. The Taskforce will also look to goals, objectives and targets in national and local policies aligned with the GBF.
The Taskforce would welcome feedback on the approach to defining nature positive and nature-positive outcomes in subsequent beta version of the TNFD framework.
Where can I find your working definitions for the terms in your report and your framework?
What is the required scope of TNFD disclosures?
The TNFD recommends that companies disclose on the full set of nature-related risks and opportunities, including climate, related to the dependencies and impacts of their operations and across their value chain. This includes a consideration of the upstream (supply) and downstream (distribution and sale) value chains. For financial institutions this would include lending, investment and/or insurance, as well as fee-based advisory activities.
The TNFD notes assessing nature-related risks over medium- to long-term timeframes requires a consideration of a broader set of dependencies and impacts, as these may lead to additional risks and opportunities that are material for enterprise value over time.
The TNFD understands that nature-related risk management and disclosure will be new to many companies. Thus, firms may wish to start by prioritising their disclosures and focus on specific activities or business lines where such information is material. This might, for example, include focusing on specific geographic areas, aspects of their value chain as well as specific impact drivers, nature impacts and nature-related dependencies. For financial firms they may wish to focus on certain asset classes or portions of their financing and advisory activities.
In the beta version of the TNFD framework (v0.1 and v0.2 releases), it is specified that users should be clear what was considered in scope for their disclosure and what has not been considered for the scope of their disclosure. Recognising that this will be a journey for most organisations as their awareness of, and capabilities for managing nature-related risks increases, disclosure coverage should expand over time so that after no more than five years firms are considering their full set of material dependencies and impacts across their upstream and downstream operations when making disclosures.
What does LEAP stand for?
Locate, Evaluate, Assess, Prepare.
The LEAP nature-related risk management process involves four core phases of analytic activity:
- Locate your interface with nature;
- Evaluate your dependencies and impacts;
- Assess your risks and opportunities; and
- Prepare to respond to nature-related risks and opportunities and report.
Is LEAP a mandatory process to adhere to the TNFD’s draft disclosure recommendations?
No. The LEAP approach is voluntary guidance intended to support internal nature-related risk and opportunity assessment within companies and financial institutions to inform strategy, governance, risk management and capital allocation decisions.
The LEAP approach is consistent with the TNFD’s draft disclosure recommendations, but it is possible for report preparers to adhere to the draft disclosure recommendations without following the LEAP guidance, as the Taskforce recognises that some organisations may already have a process for assessing nature-related risks and opportunities built into their enterprise risk management framework. In such cases, the LEAP approach can be used as a checklist to ensure existing internal processes adequately address nature-related risks and opportunities. Critically, the TNFD believe that all aspects of the LEAP approach should be incorporated to ensure the approach is robust.
Sector guidance, metrics and targets and scenarios
Will you be developing sector guidance?
The second iteration released in June 2022, includes a proposed approach to the Taskforce’s development of additional multi-dimensional guidance. The Taskforce envisages that guidance including three dimensions of relevance to market participants:
- Sector specific: Guidance tailored to the economic sector in which organisations conduct business. (Sector classification and priority sectors set out in v0.2. In forthcoming v0.3 and v0.4 releases, the TNFD will develop additional guidance).
- Nature-related issue specific: Guidance tailored to specific nature-related issues – dependencies, impacts, risks and opportunities – that are relevant for a particular organisation and across sectors. (Not yet developed for v0.2 – to be added in future releases).
- Realm specific: Guidance linked to the nature realms defined by the TNFD (ocean, freshwater, land and atmosphere), and possibly also by biome. (Not yet developed for v0.2 – to be added in future releases).
You can find these recommendations on the online portal as well in the downloadable PDF of the v0.2 beta framework.
The TNFD aims to enhance the specificity of its recommendations in subsequent beta releases through 2022 and 2023.
Will you be defining and recommending specific metrics and targets for nature-related risk management and reporting?
The Taskforce intends to move towards a recommended set of Assessment and Disclosure Metrics by the time of the September 2023 publication of its recommendation and based on feedback and pilot testing by market participants over the next 12 months. TNFD’s approach in the v0.2 release to nature-related measurement and target setting for nature-related dependencies, impacts, risks and opportunities includes:
- an integrated, overarching architecture for nature-related indicators, metrics and targets, including cross-industry metrics categories;
- draft guidance for indicators and metrics for the assessment of nature-related dependencies and impacts;
- illustrative sets of indicators and metrics for the assessment of nature-related dependencies and impacts, to support pilot testing;
- proposed selection criteria for users to select assessment metrics; and
- initial considerations for target-setting.
You can find all the information on this approach on the online portal as well as the downloadable PDF version of the v0.2 release.
The Taskforce anticipates its approach to nature-related metrics and target-setting will increase in specificity over subsequent releases of the beta framework.
In the v0.3 and v0.4 beta releases in November2022 and February 2023, TNFD will provide further draft guidance on risk, opportunity and response Assessment Metrics, Disclosure Metrics and target-setting. The Taskforce will not make final decisions on ‘core’ and ‘additional’ Disclosure Metrics until the final release v1.0 in September 2023.
Does the TNFD framework require scenario development and analysis? Will you be providing scenario guidance?
Aligned with the TCFD approach, the Taskforce believe scenario analysis can play an important role in informing the strategy, governance, risk management and capital allocation decisions of companies and financial institutions.
Recognising the complex interplay of nature-related dependencies and impacts an organisation has over the short, medium, and long term, the TNFD’s draft disclosure recommendations specify that risks should be assessed taking into consideration different scenarios of nature loss and its implications for physical, transition and systemic risks to business, finance, economies and society at large.
The development of nature-related scenarios is a complex undertaking and will be considered and explored by the Taskforce starting in the v0.3 release in November 2022. The TNFD will develop its approach to scenarios with a number of knowledge partners, including the NGFS.
The Taskforce welcomes feedback on how market participants have incorporated climate-related scenario thinking into their enterprise and portfolio risk management activities and the approach to scenarios and scenario guidance that the TNFD should consider.
Providing feedback or pilot testing the beta versions
How can I contribute to the design and delivery of the framework?
The TNFD has received a great number of individual and organisational feedback since the release of the v0.1 of its beta framework and calls on market participants and stakeholders to continue in doing so.
Many of the amendments in the second version of the beta framework are specifically in response to feedback from market participants and designed to help organisations continue to engage in review and pilot testing of the beta framework.
There are a number of ways market participants and other stakeholders can contribute:
- Review and comment on the beta framework: Organisations can review the draft framework and provide feedback via the TNFD online platform.
- Pilot test the framework: Corporates and financial institutions keen to explore how the TNFD framework would apply in their specific organisational context can pilot test the framework independently and, in some cases, through collaborative industry efforts. The TNFD piloting guide, released alongside beta v0.2, provides detailed information for organisations interested in piloting the framework.
- Participate in consultation discussions: Based on the feedback provided by market participants, the TNFD will convene focus group discussions about key emerging themes, technical areas of the framework or by geography or sector – to engage feedback providers in further detail.
TNFD is specifically interested in feedback on:
- The draft TNFD disclosure recommendations;
- The LEAP guidance on nature-related risk and opportunity assessment; and
- The proposed approach to metrics and targets; and the illustrative set of indicators and metrics for the assessment of nature-related dependencies and impacts provided in the v0.2 release.
What is the timeline for providing feedback or testing the framework?
Feedback can be provided until 1 June 2023.
For those organisations interested in pilot testing the TNFD framework, the window for pilot testing and the collection of feedback will be open until 1June 2023, enabling organisations to take time in considering, scoping and starting any pilot testing activities. Organisations interested in pilot testing can do so independently on a self-guided, self-paced basis using the resources provided on the online platform and specifically look at the TNFD piloting guide that released in June 2022 alongside v0.2 of the TNFD framework.
The TNFD will be collecting feedback and incorporating it into the iterative development of the framework over this period. Future beta releases of the framework are expected in November 2022 and February 2023. Each beta release will be open for review and pilot testing.
How should an organisation approach pilot testing?
- Get familiar with the TNFD framework
- Explore the latest beta versions of the framework on the TNFD’s online platform.
- Assess internal readiness, knowledge levels and capabilities
- Consider a rapid desktop pilot test to help gauge your internal readiness and capability
- Scope your pilot test
- Consider your experience with nature-related risk and opportunity assessment; internal capacity to undertake pilot testing; the time and cost of committing resources to a pilot testing exercise and interest in specific areas of nature-related risk management and reporting.
- On this basis, consider two types of pilot test:
- Desktop testing – start with a desktop review exercise of how the framework might apply to your business.
- In-depth testing – deploy additional time and resources to run through the draft TNFD LEAP approach and draft TNFD disclosure recommendations in a stepwise manner.
- Mobilise resources
- Mobilise the internal, and if necessary, external supporting resources to undertake the pilot test.
- Provide feedback
- Provide feedback on your pilot testing experience to the TNFD through our online survey.
Will TNFD provide guidance and technical support for independent pilot testing?
To support pilot testers, the TNFD has created a TNFD piloting guide together with five piloting partners. This guide provides companies interested in pilot testing with practical information on how to test (specific parts) of the framework, including timelines and available support.
For pilot testers who are TNFD Forum member organisations, the TNFD Secretariat will in addition provide limited technical support and community learning opportunities to enable Forum members to share perspectives and insights gained from pilot testing experiences.
Are there any TNFD-run pilot testing programs organisations can join?
The TNFD has established pilot testing program partnerships with six organisations that will support the TNFD by running a portfolio of pilot tests of the beta framework for the benefit of the Taskforce across geographies, key sectors and supply chains. Those organisations are Global Canopy; FSD Africa through the African Natural Capital Alliance (ANCA); the International Council of Mining and Metals (ICMM); UNEP FI; the World Business Council for Sustainable Development (WBCSD) and Agence France de Developpement (AFD). The TNFD will continue to explore additional piloting partner programmes.
The TNFD piloting guide provides more details on the current and planned pilot tests run by the piloting partners.
How can scientific experts, conservation and research organisations and standard setting organisations provide feedback on the beta versions of the TNFD framework?
TNFD welcomes feedback on the beta versions of the framework from all stakeholders, including scientific experts, conservation and environmental organisations, researchers, and standard setting bodies. Interested organisations are encouraged to review and provide feedback on the draft framework available on the TNFD online platform.