Member

We are also seeing practical progress on the ground. The Taskforce on Nature-related Financial Disclosures, to which the noble Baroness referred, is now available for voluntary adoption by UK pension schemes, and leading funds are already integrating nature risk into their governance and risk-management processes. For those who are not as familiar with TNFD, it is a global, market-led, science-based initiative that helps organisations identify, assess, manage and disclose nature-related dependencies, impacts, risks and opportunities; in effect, it is the nature-focused counterpart to the TCFD framework.