Home » NewsTNFD releases “Asking Better Questions on Nature” for board directors Date Posted 6th May 2025 6 May 2025 | London, UK TNFD releases “Asking Better Questions on Nature” for board directors in collaboration with Chapter Zero, Competent Boards, Commonwealth Climate and Law Initiative and Green Finance Institute. The Taskforce on Nature-related Financial Disclosures (TNFD) yesterday published its first “Asking Better Questions on Nature” guide to help senior executives across business and finance surface critical insights about nature-related dependencies, impacts, risks and opportunities to inform their decision making. The first guide released yesterday is for board directors, available here. The guide was officially released in Singapore in a session held during Ecosperity with the Singapore Institute of Directors at the SGX Auditorium. The session featured leaders from the Climate Governance Initiative, CDL, United Overseas Bank and the Centre for Governance and Sustainability, moderated by Terence Quek, CEO of the Singapore Institute of Directors.The guide, which is produced by the TNFD in collaboration with Chapter Zero, Competent Boards, Commonwealth Climate and Law Initiative (CCLI) and Green Finance Institute (GFI), is designed to help board members surface the decision-useful information they need to ensure that nature-related issues are being appropriately incorporated into the company’s governance, strategy, risk management and capital allocation decision making. The guide features 12 key questions that board directors may wish to ask company executives and consider in board meetings, and the sort of analysis they should expect to see from their organisations to support those discussions. The 12 questions have been identified by the TNFD and its partner organisations based on discussions with experienced executive and non-executive board directors of leading organisations that are already considering climate- and nature-related issues. Vicky Moffatt, CEO, Chapter Zero: “Our members tell us they are unsure how to approach nature; many boardrooms have given focus to climate, but many do not see nature and climate as intrinsically linked in the way that they should be. The nature question comes into sharpest focus for Risk Committees given that we are pushing our planet beyond its boundaries. From this perspective oversight for the reliance and impacts on nature should be central to the question of organisational resilience. This guide enables non-executive directors, boards and their management teams to ask all the right questions to ensure this oversight is in place.” Helle Bank Jorgensen, CEO & Founder, Competent Boards: “No business is immune to nature risk. We are proud to collaborate with the TNFD on this guide, which equips directors with the critical questions needed to safeguard long-term value in a world where the health of nature and the resilience of business are inseparable. This is a timely and practical resource to help boards fulfill their duty of care and engage confidently with stakeholders on nature-related issues.” Jasmin Fraser, Lawyer – Corporate/Finance, Climate and Biodiversity, Commonwealth Climate and Law Initiative: “The conclusions from recent legal opinions are clear: directors’ legal duties of care and loyalty require them to identify and manage material nature-related risks. While management may be closer to the detail, this is no excuse for boards to remain at arm’s length. Directors need to ask the right questions, challenge assumptions, and ensure action is taken where needed. This guide is an essential tool for boards to engage meaningfully with nature-related risks and opportunities, providing strategic insight to create value and strengthen company resilience.” Rhian-Mari Thomas, CEO of Green Finance Institute: “Last year, the GFI published a report alongside the Universities of Oxford and Reading, UNEP-WCMC, and NIESR, demonstrating that nature risks could decrease the UK’s GDP by up to 12% by the 2030s. Swift and coordinated action from businesses can embed resilience, build back this growth, and unlock additional commercial opportunities. For board members, being conversant in these risks and opportunities is an increasingly critical and core requirement for informed and responsible stewardship. These questions, developed by the TNFD, GFI, Chapter Zero, Competent Boards and CCLI, offer a practical guide for those who wish to get started.” Tony Goldner, CEO of TNFD: “In the 18 months since the publication of the TNFD recommendations in September 2023 over 500 organisations and over USD 17 trillion in AUM are now underway with voluntary assessment and reporting of their nature related issues aligned to the TNFD recommendations. With data and analysis now being generated, it is critical that boards and individual board members upskill themselves to be able to contextualise nature-related information as a key input into their decision making. This guide is grounded in insights and wisdom from experienced board directors already taking an integrated approach to climate and nature issues.” This guide is the first in a series, with guides for other audiences to be released in collaboration with a number of different partners over the next 12 months. About the Taskforce on Nature-related Financial Disclosures (TNFD): The Taskforce on Nature-related Financial Disclosures (TNFD) is comprised of 40 business and finance leaders from around the world and was launched in 2021 with the support of the G20. TNFD provides recommendations and guidance for market participants and other stakeholders about how nature beyond climate should be assessed, managed and reported. It has built a global movement of support and action, including over 500 organisations and over USD 17 trillion in assets under management (AUM) now committed to reporting their nature-related issues aligned with the TNFD recommendations published in September 2023. The TNFD recommendations build on the previous approach and recommendation of the Task Force on Climate-related Financial Disclosures (TCFD) and are aligned with the impact standards of the GRI, the European Union’s Corporate Sustainability Reporting Directive (CSRD) and the sustainability reporting standards of the International Sustainability Standards Board (ISSB).