The Taskforce on Nature-related Financial Disclosures (TNFD) was established in 2021 in response to the growing appreciation of the need to factor nature in financial and business decisions. The TNFD is a global, market-led initiative with the mission to develop and deliver a risk management and disclosure framework for organisations to report and act on evolving nature-related risks and opportunities, with the ultimate aim of supporting a shift in global financial flows away from nature-negative outcomes and toward nature-positive outcomes.

TNFD is adopting an open innovation approach, centered around the release of several beta versions of the framework for feedback and pilot testing with market participants and other stakeholders, and expert input from a wide range of knowledge and implementation partners. Collectively, the Taskforce Members represent institutions with over 19.4 trillion dollars in assets under management and a footprint in over 180 countries.

UNEP FI is a founding partner of the TNFD, the beta-framework of which was released in v0.1 in March 2022 and beta v0.2 in June 2022. Following those releases, TNFD will release v0.3 and v0.4 of the beta framework in November 2022 and February 2023, before the launch of the Taskforce’s final recommendations in September 2023.