Additional guidance for financial institutions

This document provides additional guidance for financial institutions to apply the TNFD recommendations and core disclosure metrics and indicators.

Version 1.0 of this guidance was published in September 2023 alongside the TNFD Recommendations. Version 2.0 was published in June 2024.

This guidance covers the SICS industries: Asset management & custody activities, Investment banking & brokerage, Security & commodity exchanges, Commercial banks, Consumer finance, Mortgage finance and Insurance.

Key focus areas

• Guidance for financial institutions on the TNFD Recommendations
• Guidance on the TNFD metrics architecture for financial institutions, including a set of final TNFD disclosure metrics for financial institutions
• A list of reference sectors to support the application of the core disclosure metric for financial institutions on exposure to sectors
• A mapping to the TNFD core global metrics of the European Sustainable Finance Disclosure Regulation (SFDR) Principal Adverse Impact metrics
• Additional resources and references on nature-related issues for financial institutions

Key outcomes

• Overview of the TNFD’s disclosure guidance for financial institutions 
• Overview of TNFD metrics guidance for the financial sector 

Acknowledgements

The development of this sector guidance has been led by a working group of TNFD Taskforce members with extensive input from both science partners and market participants over the past year, including through focus groups and written feedback. The Taskforce is grateful for the input received from a wide range of individuals and organisations and extends particular thanks to the Finance for Biodiversity Foundation, Institute of International Finance (IIF), Partnership for Biodiversity Accounting Financials (PBAF), the UNEP Finance Initiative (UNEP-FI) and WWF who provided sector-specific expertise to help develop this guidance.