B

Baroness Hayman of Ullock (Lab)

Speaking in the House of Lords on 23 February 2026

Debate

Global Biodiversity Loss and National Security

Contribution

I thank the noble Lord for mentioning the TNFD, because it is very important. We are continuing to fund the Green Finance Institute to progress market capacity building and uptake through the TNFD UK consultation group. That is evolving to include a pilot programme on integrated nature transition plans. Fifteen businesses are currently already signed up to that. We are also in the process of onshoring the International Sustainability Standards Board’s general sustainability and climate disclosure standards in the UK. That will draw on the work of the TNFD. We are looking at its imminent work on nature standard-setting. Once that direction of travel is clear, it can inform our future paths on policy and regulation.

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