TNFD secures multi-year funding from The Rockefeller Foundation

PRESS RELEASE | ENGLISH

London, UK, 22 January 2025: The Taskforce on Nature-related Financial Disclosures (TNFD) is pleased to announce that it has received strategic, multi-year grant funding from The Rockefeller Foundation.

The Rockefeller Foundation, through its philanthropic approach, collaborates with partners across sectors to advance strategies towards scaling people-centred climate solutions. The grant is part of the Foundation’s broader effort to mobilise private sector resources for climate mitigation, adaptation and resilience, while playing a meaningful role in mainstreaming nature-based solutions. It reflects the foundation’s expertise in building out an enabling architecture for business and finance on the climate side, now with an increasing focus on nature. The Rockefeller Foundation will join TNFD’s Stewardship Council.

“Nature’s health determines people’s health—and the quality of the food we eat, the jobs we have, the economies that shape our well-being, and so much more,” said Maria Kozloski, Senior Vice President of Innovative Finance at The Rockefeller Foundation. “While most of the services that nature provides are not paid for, we are excited that the Taskforce on Nature-related Financial Disclosures is advancing ways to understand how businesses use them and encourage business to assess and better manage their nature-related issues.”

David Craig, Co-Chair of the TNFD, commented:

“TNFD is proud to announce this multi-year support from The Rockefeller Foundation. This grant will help us maintain the momentum of our second phase of work, as we continue to encourage voluntary market adoption, build out our market capacity-building interventions and develop our roadmap for enhancing access to high-quality nature-related data.”

ABOUT THE TASKFORCE ON NATURE-RELATED FINANCIAL DISCLOSURES (TNFD)  

The Taskforce on Nature-related Financial Disclosures (TNFD) is a market-led, science-based taskforce of business and finance leaders providing companies and financial institutions with recommendations and guidance about how to incorporate nature beyond climate into their decision making.

The TNFD recommendations build on the approach and recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD), are consistent with market disclosure standards developed by the International Sustainability Standards Board (ISSB) and Global Reporting Initiative (GRI) and play an important role in enabling private sector contributions to the goals and targets of the Kunming-Montreal Global Biodiversity Framework.

Through better informed decision making around governance, strategy, risk management and capital allocation, the TNFD contributes to the global goal of shifting the flow of capital away from nature-negative outcomes and towards nature-positive outcomes for the planet and society.

Since its launch in 2021 with the support of the G20 economies, the TNFD has built a global movement of action among market participants. Over 1,600 organisations support the work of the TNFD, including over 500 organisations representing 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.

ABOUT THE ROCKEFELLER FOUNDATION

The Rockefeller Foundation is a pioneering philanthropy built on collaborative partnerships at the frontiers of science, technology, and innovation that enable individuals, families, and communities to flourish. We make big bets to promote the well-being of humanity and make opportunity universal and sustainable. Our focus is on scaling renewable energy for all, stimulating economic mobility, and ensuring equitable access to health care and nutritious food. For more information, sign up for our newsletter at www.rockefellerfoundation.org and follow us on Twitter @RockefellerFdn.

MEDIA CONTACTS

Rita Lockheart, Communications Lead, [email protected] | [email protected]

The Rockefeller Foundation, Devika Gadhavi: [email protected]