A new market-led Taskforce on Nature-related Financial Disclosures (TNFD) framework has been launched to help organisations to report and translate evolving nature-related risks into financial terms, to support a shift in global financial flows away from destructive activities. The disclosure initiative is backed by heavyweight financial institutions like AXA, BNP Paribas, DBS Bank, Rabobank, First Rand, Yes Bank, and Storebrand, as well as the governments of United Kingdom, France, the Netherlands and Switzerland. The taskforce rests on the belief that financial disclosures are essential to a market-based solution to nature loss, and that better nature-related data will enable informed decision-making by financial institutions and companies. A properly functioning, informed market will price in risks appropriately and channel investments to more sustainable opportunities.

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