Home » Resource Database Report Stocktake on Nature-related Risks: Supervisory and regulatory approaches and perspectives on financial riskRead the report (Stocktake on Nature-related Risks: Supervisory and regulatory approaches and perspectives on financial risk)(This link will take you to an external website) About this Report Financial Stability Board | July 2024 In February 2024, the G20 Finance Ministers and Central Bank Governors tasked the Financial Stability Board (FSB) with examining regulatory and supervisory efforts related to identifying and assessing financial risks associated with nature degradation. The FSB’s report outlines current and planned actions and highlights key challenges for authorities in addressing nature-related financial risks. It also includes case studies on initiatives by authorities and international organizations such as the Network for Greening the Financial System (NGFS), World Bank, OECD, Taskforce on Nature-related Financial Disclosures (TNFD), and De Nederlandsche Bank (DNB). The report highlights how numerous financial authorities are encouraging companies to implement the TNFD recommendations. For instance, the Swiss State Secretariat for International Finance (SIF), are working with financial institutions to promote voluntary adoption of the TNFD framework for their disclosures related to nature. And the Australian government is working with the private sector and TNFD to help Australian businesses and financial institutions prepare for nature-related financial disclosures. This included pilot testing the TNFD framework and sharing findings from the pilots in reports with the public. Access the full report here. Read the report (Stocktake on Nature-related Risks: Supervisory and regulatory approaches and perspectives on financial risk)(This link will take you to an external website) Related resources TNFD in a Box: understanding and assessing nature-related issues As the spotlight on nature loss and climate change intensifies, there is growing acknowledgement globally of the urgent need for companies and financial institutions to understand and reduce their role in driving these twin crises, and to address the growing risks of declines in the resilience... Related publications Taskforce on Nature-related Financial Disclosures (TNFD) Recommendations Additional guidance for financial institutions Guidance on the identification and assessment of nature-related issues: the LEAP approach Related webinars Additional guidance for financial institutions March 7, 2024 (Updated: March 8, 2024) Published alongside the TNFD Recommendations in September 2023, this Forum member webinar explored the draft additional guidance for financial institutions open for consultation until 29 March. This session provides an... Boards and nature – the evolving landscape for directors’ duties July 11, 2024 (Updated: August 30, 2024) Nature is now considered a strategic risk management and governance issue for companies and financial institutions. Physical and transition risks are materializing with greater frequency and severity, customer expectations are... Charting a sustainable path: Nature-climate scenarios in financial decision-making March 25, 2024 (Updated: March 25, 2024) The TNFD and NatureFinance co-hosted this public webinar on integrating nature-climate scenarios for sustainable financial decision-making. The session focused on integrating nature-climate scenarios. Ahead of the... Navigating nature-related disclosures under CSRD and TNFD July 2, 2024 (Updated: December 16, 2024) Around 50,000 European companies and additional non-EU-based companies with a large branch in the EU are required to report under the European Sustainability Reporting Standards (ESRS). These Standards provide more detail on the...