As outlined elsewhere in the beta release of the TNFD framework, core to the TNFD’s mission has been the development of draft disclosure recommendations for nature-related risks and opportunities. The TNFD’s draft recommended disclosures are closely aligned to those produced by the TCFD for climate-related disclosures. This will ensure the maximum consistency of approach and language and the comparability of supporting guidance, recognising the links and differences among atmospheric, terrestrial, freshwater and ocean realms.
A summary of the TNFD disclosure recommendation is outlined below:
Additional Content
Disclose the organisation’s governance around nature-related risks and opportunities.
Recommended Disclosures
Describe the board’s oversight of nature-related risks and opportunities . Find out more .
Describe management’s role in assessing and managing nature-related risks and opportunities . Find out more .
Disclose the actual and potential impacts of nature-related risks and opportunities on the organisation’s businesses, strategy and financial planning where such information is material.
Recommended Disclosures
Describe the nature-related risks and opportunities the organisation has identified over the short, medium, and long term. Find out more .
Describe the impact of nature-related risks and opportunities on the organisation’s businesses, strategy, and financial planning. Find out more .
Describe the resilience of the organisation’s strategy, taking into consideration different climate and nature-related scenarios. Find out more .
Describe the organisation’s interactions with low integrity ecosystems, high importance ecosystems and areas of water stress. Find out more .
Disclose how the organisation identifies, assesses and manages nature-related risks.
Recommended Disclosures
Describe the organisation’s processes for identifying and assessing nature-related risks . Find out more .
Describe the organisation’s processes for managing nature-related risks . Find out more .
Describe how processes for identifying, assessing, and managing nature-related risks are integrated into the organisation’s overall risk management. Find out more .
Disclose the metrics and targets used to assess and manage relevant nature-related risks and opportunities where such information is material.
Recommended Disclosures
Disclose the metrics used by the organisation to assess nature-related risks and opportunities in line with its strategy and risk management process. Find out more .
Disclose Scope 1, Scope 2, and, if appropriate, Scope 3 greenhouse gas (GHG) emissions, and the related risks. *Adaptation under consideration by TNFD. Find out more .
Describe the targets used by the organisation to manage nature-related risks and opportunities and performance against targets. Find out more .
Further guidance to market participants on the adoption of these disclosures is provided on this site.
