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To ensure that robust and useful feedback is provided during the piloting process, the TNFD has laid out several core principles that pilots are encouraged to consider.
Examples of how to align
1. Commitment to provide diverse feedback The TNFD framework aims to be globally inclusive and usable by the market. To ensure that the TNFD framework meets these criteria, it must gather feedback from a wide variety of stakeholders. Whether this is a single organisation or a multiple organisation pilot, it should commit to gathering feedback from all relevant stakeholders during the testing process.
The different risk, opportunity and disclosure challenges faced by different stakeholders can help provide a comprehensive view of nature-related risks, opportunities and disclosure practices.
Gather feedback from multiple individuals across a variety of relevant internal teams.
Engage with and gather feedback from relevant suppliers and/or clients.
Engage relevant consultants, non-governmental organisations (NGOs), research organisations and data providers to help provide technical insight into specific elements of the TNFD framework (e.g. biodiversity data for use in the assessment, measurement and disclosure of nature-related financial risks and opportunities).
2. Commitment to transparency Selective dissemination of piloting results could lead to the overestimation or underestimation of the suitability and coherence of the TNFD framework and associated tools, data, metrics, etc.
Pilots should ensure that both positive and negative results from the testing process are shared with the TNFD.
Pilots where organisations struggle to interpret framework requirements or identify nature-related financial risks and opportunities can still provide extremely valuable insights for the development of the TNFD framework.
Share both positive and negative feedback with the TNFD.
Highlight the challenges experienced during the piloting process, so future pilots can benefit from the lessons learned.
Share challenges and opportunities with peers, particularly for pilots that involve more than one organisation.
3. Commitment to peer exchange Commonly listed as one of the most beneficial elements for participating organisations, peer exchange opportunities are useful as they provide insight into challenges faced by similar organisations and approaches these organisations may be taking to address them.
Attend webinars with peers, where relevant.
Communicate externally, on challenges and opportunities identified by organisations during testing, where possible
4. Commitment to assign appropriate resources In line with the commitment to provide diverse feedback, pilot participants should assign appropriate resources to ensure detailed insights can be gathered. Although not always directly correlated, it is expected that the more resources assigned by participating organisations during the piloting process, the more detailed and useful the feedback.
Assign appropriate resources.
Engage with the TNFD in providing constructive feedback to support framework evolution.
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