The Taskforce on Nature-related Financial Disclosures (TNFD) has launched a global campaign to encourage more adopters of its framework in the lead up to COP30 in Brazil later this year. At COP16 last year, TNFD revealed that more than 500 companies and financial institutions have adopted the TNFD reporting recommendations. The companies represent over US$6.5 trillion in market capitalisation and the financial institutions representing US$17.7 trillion in AUM. The global adoption campaign will run through to COP30 in November, at which time the TNFD will formally announce all new adopters. “Business and finance leaders are increasingly recognising that the resilience of their business and investment returns depends on the resilience of nature,” said TNFD Co-chair David Craig. “By catalysing a shift in mindset, behaviour and public reporting, TNFD is helping organisations bring nature onto the balance sheet and into their risk and opportunity assessment. That same shift is bringing to light a wealth of investment opportunities that align with a nature-positive future – one in which both nature and business are working in harmony.” Last month, TNFD also launched its capacity-building platform to support market participants and training providers in building confidence and capabilities on nature-related issues.
