TNFD publishes discussion paper on nature transition planning
TNFD publishes discussion paper on nature transition planning
The Taskforce on Nature-related Financial Disclosures (TNFD) released a discussion paper outlining draft guidance on nature transition planning. The comment period for this paper ends on 1 February 2025.
The draft guidance targets corporations and financial institutions that develop and disclose transition plans in line with TNFD's recommended disclosures. A nature transition plan is proposed to be a part of an organisation's overall business strategy setting goals, targets, actions, accountability mechanisms, and resources to address and contribute to the Global Biodiversity Framework. This framework aims to halt and reverse biodiversity loss by 2030 and set nature on a recovery path by 2050.
The guidance builds on current market practices for climate transition planning, particularly the work of the Glasgow Financial Alliance for Net Zero (GFANZ) and the recommendations of the Transition Plan Taskforce (TPT) for climate transition plan disclosure.
For more details, you can access the draft guidance via the press release.
The draft guidance targets corporations and financial institutions that develop and disclose transition plans in line with TNFD's recommended disclosures. A nature transition plan is proposed to be a part of an organisation's overall business strategy setting goals, targets, actions, accountability mechanisms, and resources to address and contribute to the Global Biodiversity Framework. This framework aims to halt and reverse biodiversity loss by 2030 and set nature on a recovery path by 2050.
The guidance builds on current market practices for climate transition planning, particularly the work of the Glasgow Financial Alliance for Net Zero (GFANZ) and the recommendations of the Transition Plan Taskforce (TPT) for climate transition plan disclosure.
For more details, you can access the draft guidance via the press release.