IFRS Foundation and TNFD formalise collaboration agreement
IFRS Foundation and TNFD formalise collaboration agreement
The IFRS Foundation and the Taskforce on Nature-related Financial Disclosures (TNFD) have announced that they have signed a Memorandum of Understanding (MoU) to formalise their commitment to build upon the TNFD recommendations in the ongoing work of the International Sustainability Standards Board (ISSB), to enable nature-related financial disclosures for use by capital markets.
Under the MoU, ISSB and TNFD will share research, knowledge and technical expertise to inform both the ISSB’s BEES (Biodiversity, Ecosystems and Ecosystem Services) initiative and nature-related aspects of its SASB (Sustainability Accounting Standards Board) standards enhancement work.
The press release by the IFRS Foundation may be accessed here.
Under the MoU, ISSB and TNFD will share research, knowledge and technical expertise to inform both the ISSB’s BEES (Biodiversity, Ecosystems and Ecosystem Services) initiative and nature-related aspects of its SASB (Sustainability Accounting Standards Board) standards enhancement work.
The press release by the IFRS Foundation may be accessed here.