REPORTS & BRIEFINGS | 19/01/2024
Redirecting Finance to Nature: The Case for Mandatory TNFD-Aligned Disclosures
In this briefing, the Aldersgate Group outlines necessary next steps from Government to accelerate the adoption of high-quality nature-related disclosures. This follows the announcement that 320 businesses and financial institutions have registered as early adopters of the Taskforce on Nature-related Financial Disclosures’ (TNFD) disclosure framework.
Businesses have a strong appetite to start producing TNFD-aligned disclosures, but barriers such as low board level understanding, organisational capacity and lack of access to data are inhibiting progress. To address this, the Aldersgate Group calls on the UK Government to set out a roadmap towards implementing mandatory disclosures, introduce supportive policy to build businesses’ capacity and capabilities, and champion the TNFD framework and data-sharing internationally.