Key Impact Points:
- Nature-Related Risks in Focus: The TNFD guide equips directors with 12 key questions to better understand and govern nature-related financial risks and opportunities.
- Collaborative Leadership: Created with Chapter Zero, Competent Boards, CCLI, and the Green Finance Institute, the guide reflects insights from seasoned board members.
- Call to Boardroom Action: TNFD urges boards to integrate nature into corporate strategy and risk oversight as global momentum for nature-related disclosures grows.
TNFD Unveils First Board-Level Nature Governance Guide
The Taskforce on Nature-related Financial Disclosures (TNFD) has released its first “Asking Better Questions on Nature” guide to help board directors integrate nature into decision-making processes. Developed in collaboration with Chapter Zero, Competent Boards, the Commonwealth Climate and Law Initiative (CCLI), and the Green Finance Institute (GFI), the guide presents 12 key questions board members can use to surface nature-related risks, dependencies, and opportunities.
The guide was officially launched in Singapore during Ecosperity at the SGX Auditorium, in partnership with the Singapore Institute of Directors. Panelists included representatives from the Climate Governance Initiative, CDL, United Overseas Bank, and the Centre for Governance and Sustainability.
A Practical Tool for Governance and Resilience
According to Tony Goldner, CEO of TNFD:
“In the 18 months since the publication of the TNFD recommendations in September 2023 over 500 organisations and over USD 17 trillion in AUM are now underway with voluntary assessment and reporting of their nature related issues aligned to the TNFD recommendations. With data and analysis now being generated, it is critical that boards and individual board members upskill themselves to be able to contextualise nature-related information as a key input into their decision making.”
The guide aims to strengthen governance by ensuring that nature-related issues are considered across risk management, corporate strategy, and capital allocation.
Related Article: Over 500 Companies Adopt TNFD Framework for Nature, Biodiversity Risk Reporting
Expert Voices on Board-Level Nature Action
“Our members tell us they are unsure how to approach nature… oversight for the reliance and impacts on nature should be central to the question of organisational resilience.” — Vicky Moffatt, CEO, Chapter Zero
“No business is immune to nature risk… This is a timely and practical resource to help boards fulfill their duty of care.” — Helle Bank Jorgensen, CEO & Founder, Competent Boards
“Directors need to ask the right questions, challenge assumptions, and ensure action is taken where needed.” — Jasmin Fraser, Lawyer, CCLI
“For board members, being conversant in these risks and opportunities is an increasingly critical and core requirement for informed and responsible stewardship.” — Rhian-Mari Thomas, CEO, GFI
First of a Series of Nature-Focused Resources
This guide is the first in a planned series aimed at different executive audiences. Future editions will continue to be co-developed with global partners to build organizational capacity and leadership on nature.
