The fourth beta version establishes draft disclosure metrics as well as biome and sector guidance — with final TNFD recommendations due in September 2023.
By Paul A. Davies, Michael D. Green, James Bee, and Austin J. Pierce
The Taskforce on Nature-Related Financial Disclosures (TNFD) published the fourth (and final) beta version of its framework (Version 0.4) at the end of March 2023. Version 0.4 introduces more specific guidance on metrics, as well as risk management considerations for particular sectors and biomes. The final recommendations, which are slated for publication in September 2023, seek to leverage the successes of the Task Force on Climate-Related Financial Disclosures (TCFD) and COP15 to facilitate quick uptake by a variety of entities.
This blog post summarizes the key takeaways from Version 0.4 and sets out five general principles for companies to consider as they contemplate using the TNFD framework or disclosing natural capital information more broadly.