BlackRock, HSBC and UBS execs call for nature-based disclosures in two years

A taskforce of thirty finance firms will lead the development of the framework

The Taskforce on Nature-related Financial Disclosures (TNFD) has selected senior executives from across thirty financial institutions to serve as members of a taskforce which will build a nature-related risks framework for the industry.

The framework for TNFD - a UN-backed initiative that will look to replicate the success of Taskforce on Climate-related Financial Disclosures (TCFD) - is expected by 2023. The TNFD was first announced in June as an extension of TCFD with the goal of developing "voluntary, consistent disclosures to help corporates, investors, lenders and insurance underwriters manage nature-related risks". 996% increase in Hargreaves Lansdown passive ESG fund flows It is co-chaired by UN assistant secretary general and executive secretary of the UN Convention on Biological Diversity Elizabeth Mrema,...