TNFD Releases Final Recommendations on Nature-Related Risk Management and Disclosures

One of the more highly anticipated announcements that drew substantial attention during Climate Week NYC was the Taskforce on Nature-related Financial Disclosures’ (TNFD) release of its final recommendations for a nature-related risk management and disclosure framework on Sept. 18. The recommendations are intended to facilitate worldwide achievement of the nature-related disclosure targets set forth in the December 2022 Kunming-Montreal Global Biodiversity Framework, which was approved by nearly 200 countries. They are modeled after and build on the work of the Task Force on Climate-Related Financial Disclosures (TCFD).