David Craig’s Post

The International Sustainability Standards Board (ISSB) announcement marks an important next step in further expanding the global baseline for sustainability reporting. The Taskforce on Nature-related Financial Disclosures (TNFD) welcomes the decision of the International Sustainability Standards Board (ISSB) to commence work on nature-related issues drawing on the recommendations of the TNFD. We look forward to continuing to work closely with the ISSB on the research and development of its nature-related standard setting work. ⬛ TNFD press release – https://lnkd.in/gQKZjvA7 🔴 ISSB announcement – https://lnkd.in/e2eqdUUE The further incorporation of nature-related issues into the global reporting baseline, drawing on the work of the TNFD, will provide investors and report preparers with a more integrated approach across governance, strategy, risk management, metrics and targets. In response to the announcement, David Craig, TNFD Co-Chair said “This is another important step forward to realizing both the need for an integrated global baseline for sustainability reporting and the aspirations of the Global Biodiversity Framework.” The TNFD recommendations were designed to provide a high level of consistency in the structure, approach, and language used not only by the TCFD but also in the ISSB’s existing IFRS S1 and S2 standards. The ISSB announcement builds on the recent update of the Global Reporting Initiative (GRI) Biodiversity 101 standard to align with the TNFD recommendations and the new European Sustainability Reporting Standards (ESRS) issued last year which also draw on, and reference, TNFD guidance . Companies now assessing and beginning to report their nature-related issues using the TNFD recommendations and guidance are well placed as the global reporting baseline being developed by the ISSB continues to evolve. EFRAG Principles for Responsible Investment CDP Ceres, Inc. International Organization of Securities Commissions (IOSCO) Business for Nature UN Biodiversity Capitals Coalition Science Based Targets Network #TNFD #Nature #Disclosure #SustainableFinance

#EarthDay is about celebrating the power of collective action. Today, the #TNFD invites organisations to join the hundreds of leading businesses and financial institutions that have already committed to making nature-related corporate disclosures (https://lnkd.in/eXDNTca6) Nature underpins our economies, health, and future prosperity, and momentum on integrating nature into policy, regulation, and decision-making is growing. There are now over 370 leading organisations from over 45 countries that have already committed to making TNFD-aligned disclosures in their corporate reporting. The next cohort of Adopters will be announced at London Climate Action Week. Register online before 19 June to be included in the official TNFD announcement. 🐝 Register - https://lnkd.in/eWXFXC9d By signalling intent to start making nature-related corporate disclosures, organisations can demonstrate how they will increase resilience, manage risks, and realise nature's transformative opportunities for the economy and society. Business as usual is no longer an option. As we look forward to the UN Biodiversity's #COP16 in Colombia, where TNFD will be hosting an exciting programme of events and announcements, we encourage organisations to signal commitment to nature-related disclosures by becoming TNFD Adopters. #TNFDAdopter #SustainableFinance #TNFD #Nature #biodiversity #NaturePositive Green Finance Institute World Economic Forum Business for Nature

As corporates prepare for #nature and #biodiversity reporting, financial institutions are able to identify those companies which are perceived as most relevant. Planet Tracker's #NatureScorecard ranks 373 companies based on their involvement in nature initiatives, whether on a voluntary or involuntary basis. 138 (37%) corporates join the Scorecard because of their forced membership of nature initiatives, without joining any on a voluntary basis. The Scorecard’s most important sectors are #food manufacturing, #chemical manufacturing and #mining. Bunge is a member of four out of the seven listed initiatives, the highest of any company, with a further 13 members of three initiatives, but three of these have not signed up for any voluntary measures: BASF, Bayer and L'Oréal). Financial institutions which have engagement roles for the #NatureAction100 and #PRI Spring Initiative should start pressuring for progress. The ‘#biocrastination’ needs to stop. Learn more here: https://lnkd.in/eeS4YhVm #NatureAction100 #PRISpringInitiative #TNFD #SBTN #GlobalCanopy #Forest500 #ShareAction #CDP #GRI #NowforNature #BusinessforNature #natureofficer #biodiversityofficer #NatureScorecard #chemicalindustry

Announcing the strengthened collaboration between Global Reporting Initiative (GRI) and Taskforce on Nature-related Financial Disclosures (TNFD). 🗞 Read more - https://lnkd.in/giKb7DzY Over the past two years, we have worked closely to support the development of each other's respective recommendations,  #standards and guidance. Most notably GRI input into the  #TNFD Recommendations published in September 2023; and TNFD input into the recently published GRI 101: Biodiversity 2024 standard, which was updated to align with the TNFD Recommendations. 🔵 GRI Biodiversity Standard - https://lnkd.in/dn9nJsJK ⬛ TNFD Recommendations - https://lnkd.in/eYppdX-U The deepening of our collaboration will focus on supporting the corporate reporting needs of market participants globally. Today, we announce plans for further implementation and capability building support. Today’s announcement underscores the TNFD and GRI’s ongoing commitment to drive towards further alignment and  #interoperability through collaboration with other standards organisations and interested regulatory authorities. #TNFD #GRI #Sustainability #CorporateReporting #NaturePositive