Supporting the TNFD Recommendations
What finance teams need to know about the Taskforce on Nature-related Financial Disclosures
A thriving natural world is essential for our health, livelihoods and the resilience of our supply chains and economies. While some sectors are particularly dependent on nature, all companies rely on some ecosystem services, such as fresh water and clean air. Nature is also essential to the fight against catastrophic climate breakdown, helping to absorb the greenhouse gas emissions that we put into the atmosphere and protecting us from the physical impacts of a warming climate.
Yet nature is being destroyed at a faster pace than any time in human history. According to the World Economic Forum, economic value generation of US$44 trillion is highly or moderately dependent on nature – half of the world’s economic output.
Many organizations don’t understand how nature and biodiversity loss affect their immediate financial performance and struggle to assess the possible longer-term financial risks from the impacts they have on the natural world. The Taskforce for Nature-related Financial Disclosures (TNFD) aims to help bridge this gap.
Julie Brown, Chief Financial Officer at GSK, A4S CFO Leadership Network (Europe) Co-Chair: “Protecting nature makes our business more resilient [...] That’s why we’re proud to be a member of the Taskforce on Nature-related Financial Disclosures. We have started to implement the TNFD methodology to better understand our nature-related risks and opportunities and are committed to publish our first TNFD disclosures from 2026, based on 2025 data.”