The Business Times
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Global task force finalises framework for nature-related disclosures

Following feedback, guidelines’ authors strengthen requirements on at-risk locations, value chains and local stakeholders

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Wong Pei Ting

Published Tue, Sep 19, 2023 · 06:00 AM
    • An aerial view of forest land being cleared in Indonesia's West Kalimantan. The new framework by TNFD paves the way for a new focus around creating a “nature-positive” economy.
    • An aerial view of forest land being cleared in Indonesia's West Kalimantan. The new framework by TNFD paves the way for a new focus around creating a “nature-positive” economy. PHOTO: REUTERS

    A GLOBAL task force has finalised a framework for nature-related financial disclosures after strengthening requirements on ecologically sensitive locations, value chains and engagement with local stakeholders.

    The framework, released on Tuesday (Sep 19) by the Taskforce on Nature-related Financial Disclosures (TNFD), lays out the ground rules that standard setters and companies can use to report on dependencies, impacts, risks and opportunities that pertain to ecosystems and biodiversity.

    The task force comprises 40 senior executives from global corporates, including Singapore Exchange (SGX) head of sustainability and sustainable finance Herry Cho.

    Nature-related financial disclosuresMarket regulationAgriculture/FarmingFood industryBuilt environment sectorEnergy & CommoditiesESGClimate changeEnvironment

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