Think tank urges governments to make TNFD reporting mandatory
More than 500 organisations have already committed voluntarily to the TNFD.
UK think tank Green Alliance has highlighted a number of policy mechanisms needed to unlock financial flows for nature preservation and restoration – one of which is making nature disclosures through TNFD mandatory.
Turning voluntary disclosure frameworks into law has been observed in the climate realm, with over 30 jurisdictions in the process of integrating the ISSB reporting standard – derived from the work of the TNFD’s now defunct older sister, the Taskforce on Climate-related Financial Disclosures or TCFD – into mandatory corporate reporting.
