Navigating nature-related disclosures under CSRD and TNFD

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 Corporate Sustainability Reporting Directive (CSRD), and companies are already required to disclose in relation to the 2024 financial year. The TNFD provides foundational concepts for a market-accessible language system for understanding nature, including with the LEAP approach which is suggested by the ESRS as a tool to perform the materiality assessment of environmental topics beyond climate change.

The TNFD has recently published a mapping of the TNFD recommendations and disclosure metrics with the ESRS, jointly released with EFRAG. This new mapping is added to the already existing number of reports being published highlighting the alignments and correspondences between different standards and frameworks.

This webinar covers those ESRS reports that are already being advanced by companies in Europe, and how ESRS report preparers are approaching the adoption of the TNFD recommendations and the TNFD approaches to the identification and management of nature-related issues. The webinar will also reflect upon the way in which the TNFD guidance can help these companies approach the assessments and disclosures required under the ESRS.

Key focus areas of this webinar

Provide a brief overview of final EFRAG/TNFD mapping and any additional findings from TNFD interviews with ESRS preparers and report users, e.g. on presentation preferences
Present examples of initial disclosure reports already being prepared by companies in accordance with ESRS/CSRD
Present how companies can prepare for disclosure of TNFD reports during their ESRS-aligned report preparation
Discuss how early adopters of TNFD are making use of TNFD guidance in preparing for the ESRS disclosures, in addition of TNFD adoption, and any existing challenges when approaching the two

Hosted by

Candice Dott
Director of Market Engagement, TNFD

Candice is an accomplished business leader known for driving sustainable growth, with 20+ years of experience in global financial services where she has most recently worked for the London Stock Exchange Group and prior to that Bloomberg.

She has deep expertise in sustainable finance, asset management, investment banking, commercial banking, corporates, central banks, exchanges, fintech and data.

Candice has extensive global sales, business development, customer and strategy execution leadership experience across the UK, Europe, Middle East and Africa.

She is passionate about connecting ecosystem partners and stakeholders for greater impact and has established networks across financial services, developing and mature markets, and public and private sector.

Candice lives in Johannesburg and enjoys traveling, nature, trail running and trekking.

Alessandra Melis
Senior Manager - Lead, Standards and regulatory engagement, TNFD

Alessandra has significant experience across financial regulation and supervision, risk assessment and sustainable finance. She is a Senior Manager in the Technical Team of the TNFD Secretariat, where she leads on the TNFD’s efforts on engagement with standard setters and regulators, along with leading support on the technical priorities around risk assessment and scenario analysis.

Before joining the TNFD, Alessandra was a consultant at the Risk Practice of McKinsey & Company in London, where she specialised on the impact of climate change on European banks’ risk management practices and GHG emissions portfolio pathways to reach Net Zero. During this time, she gained significant experience in climate risk approaches and methods for financial institutions and strategic portfolio decarbonisation.

Prior to McKinsey, Alessandra was part of the Risk Analysis and Stress Testing Unit at the European Banking Authority (EBA), where she gained valuable experience in EU banking regulation, risk and supervision, including stress testing practices and capital requirements regulation.

Alessandra holds an MSc in Banking and Finance from Università Cattolica del Sacro Cuore in Milan, Italy.

Based in London, Alessandra speaks English, Italian and Brazilian Portuguese.