Oct-Nov newsletter

News 18 November 2021

Taskforce progress

Taskforce membership grows to 34 senior executives

This week, Norges Bank Investment Management’s Snorre Gjerde joins the TNFD Taskforce, bringing the Membership up to 34 senior executives. NBIM, the world’s largest single owner in the world’s stock markets, also lends their organisational support by joining the consultative TNFD Forum. Large global asset managers play a critical role in advancing nature-related financial disclosures, as they can encourage organisations they invest in to disclose on nature-related risks. With NBIM represented on the Taskforce, the members’ organisations now represent over US$18 trillion assets under management. 

Taskforce moves towards beta framework release early 2022

After formally kicking off work in early October, the TNFD Co-Chairs, the Taskforce Members and the TNFD Secretariat have  discussed the overall roadmap and timeline for developing the TNFD framework, and are on track to release a beta version of the framework early 2022.

The Taskforce Members have also met in their five respective Working Groups: (1) Defining nature-related risks, (2) Data availability for nature-related disclosures, (3) Landscape of standards and metrics, (4) Beta version of the TNFD framework and (5) Pilot testing and integration within the TNFD Framework development. As a first step each group has defined the key questions and areas of research for the next 3-4 months.

TNFD bolsters its Secretariat with the appointment of Technical Director

TNFD has appointed Emily McKenzie as Technical Director. The TNFD Secretariat, which now consists of five members of staff, manages and coordinates the Taskforce and TNFD Forum, and convenes and directs a TNFD Knowledge Hub. The Secretariat is one component of the TNFD Alliance. Meet the full Secretariat team here.

TNFD is hiring: 2 x Senior Managers, Framework Development & Finance Sector Engagement Lead

The TNFD Secretariat will now expand further. TNFD is looking for two Senior Managers to join the Technical Team, and a Finance Markets Engagement Lead to join the Stakeholder Engagement Team. Learn more about the roles and how to apply.


Meet the TNFD Alliance

Taskforce Member Q&A

Hear Taskforce Members share why they joined the Taskforce and what they are now working on in their role as Taskforce Member. The 34 Taskforce Members make up the core of the TNFD Alliance.

This month, hear from Taskforce Member Herry Cho, Managing Director, Head: Sustainability & Sustainable Finance, Singapore Exchange.

TNFD Forum spotlight

250 organisations have now joined the TNFD Forum, a global and multi-disciplinary consultative network of institutional supporters who share the vision and mission of the TNFD.

The Forum is open to a broad range of institutional types including companies; financial institutions; governments and public sector institutions, like regulators, pension funds and sovereign wealth funds; academic and research organisations; business associations; inter-governmental organisations, as well as conservation and civil society organisations.

Organisations interested in joining the Forum should express their interest in doing so by emailing the TNFD Secretariat at [email protected].


Read, watch, listen: key new content on nature, finance & business

After COP26: Nature positive set to become key component of net zero (TNFD)

The blog summarises how climate summit COP26 sees financial institutions, business and the public sector progress in connecting the nature and climate agendas, as well as standardise sustainability disclosures. 

The blog also features an overview of key TNFD-relevant events from COP26 available to watch on demand.

SIF Scoping Study: Nature-related Risks in the Global Insurance Sector (UNDP Sustainable Insurance Forum) 

The report, the first of its kind for the sector, maps the current state of play of nature-related risks in the insurance sector and sets out recommendations for insurers, reinsurers and insurance supervisors.

COP26: Climate change and nature loss – the world’s twin challenges, on Radio Davos (World Economic Forum) 

In this podcast episode, TNFD Co-Chair Elizabeth Mrema speaks about TNFD and shifting financial flows from nature-negative to nature-positive. TNFD Forum member Natura&Co

shares examples of nature-positive business activities.

First SUSREG assessment highlights need to mobilize central banks and financial supervisors on climate and nature risks (WWF)

The report sets out the results of an assessment of Sustainable Financial Regulations and Central Bank Activities (SUSREG).

For more new content – including from TNFD Forum members Global Canopy and UNEP FI, S&P, PwC, WBCSD and more – visit the TNFD Knowledge Bank, which features an extensive selection of curated research reports and market insights.


Join TNFD at events

Reuters Sustainable Finance & Reporting Europe (25 – 26 November 2021) The event includes a session ‘Addressing Nature-related Risks and Opportunities’ with TNFD Co-Chair David Craig. The event also features a session on ‘Biodiversity Impact Reporting: Demystifying Metrics’.

Moody’s ESG Summit (30 November 2021) TNFD Member Rahul Ghosh (Moody’s) will be in a fireside chat on ‘How finance can facilitate a nature-positive future’ with TNFD Co-Chair Elizabeth Mrema.

City & Financial Global Climate Risk & Regulation Summit (3 December 2021). The event will include the session ‘Nature and biodiversity: the ecological transition’, which features Simon Zadek, Senior Advisor to the Technical Hub of the TNFD.

For a complete list of upcoming events with TNFD spokespeople, see tnfd.global/events


TNFD in the media – highlights

The Business Times: Asia making encouraging progress in building a sustainable future

GreenBiz: Why financial markets should care about Biodiversity COP15

Reuters Sustainable Business: ‘Nature loss is as big a business risk as climate change. We must tackle both with equal urgency’ (opinion editorial from TNFD Co-Chair David Craig)

TradeNews: From climate change to biodiversity: Beyond the ESG buzz words


Sign up to receive our newsletter

Join the TNFD mailing list to keep up to date with the latest developments, news and resources.

You’ll be the first to hear as we release new versions of the TNFD framework and knowledge bank.