Taskforce on Nature-related Financial Disclosures
The Taskforce on Nature-related Financial Disclosures. Develops a reporting framework for nature and biodiversity-related risks and opportunities, transposing the climate model to natural capital. An emerging reference for nature risk in finance and insurance.
A recommendations framework built through market consultation and pilot phases, structured around dependency on and impact upon nature. The framework is young; the underlying biodiversity data remains less mature than for climate, which limits quantification.
Use to frame nature and biodiversity risk in an exposure or underwriting analysis. Relevant for emerging topics at the intersection of insurance and natural capital.