Biodiversity oriented disclosure framework introduced in the market to ESG labelled debt

The Taskforce for Nature focused Disclosures has made its final beta framework release for nature-related risk management and disclosure. The TNFD framework is anchored by the same four pillars of the TCFD approach and all 11 of the TCFD recommended disclosures have been incorporated into the TNFD final draft, providing market participants with a high level of alignment with the structure, language and approach taken by the TCFD. This should encourage and enable market participants to move towards integrated climate-nature disclosures.

The approach is also designed to allow organizations to signal their alignment to global policy goals, such as the recently negotiated Global Biodiversity Framework (GBF), much as they are now doing with climate reporting and net zero transition planning aligned to the goals of the Paris Agreement. The three tiers of proposed disclosure metrics are:

  • Core Global Disclosure Metrics – that are relevant broadly to organizations across sectors and are reflected in global policy priorities, including the Global Biodiversity Framework.
  • Core Sector Disclosure Metrics – to enable capital providers to make comparable assessments of businesses within a sector; and
  • Additional Disclosure Metrics -to enable report preparers to include metrics that might be particularly relevant to their business model and nature-related issues.

Source LinkTNFD releases fourth and final beta framework – TNFD

About the Authors

Associate Director, Investment Banking

Prachurjya has over 16 years of experience in investment banking with Acuity Knowledge Partners. At Acuity, he has led sector and product-specialist pilot teams across Capital Markets, ESG, Debt Advisory, Loan Syndications, Metals & Mining and Real Estate. He has been actively involved in setting up and on-boarding new ESG Advisory, ESG DCM and Sustainable Finance teams for various bulge bracket investment banks. Within DCM and Rating Advisory, he has been instrumental in helping the clients achieve over 30% in annual savings on both regular and adhoc tasks through standardization of the outputs and deployment of our proprietary BEAT tools.

Delivery Manager, Investment Banking

Puja has 6 years of extensive experience in ESG, Climate Change & Sustainability and she is supervising the ESG team at Acuity. She also has diverse experience in conducting ESIA, EHS compliance audits, ESG Risks and Controls, EHS & ESG Due Diligence assessments. Prior to joining Acuity, she was working with companies like KPMG Global Services, EY India and ERM India. She has expertise in provisioning extensive research requirements for clients through preparation of Peer Benchmarking, Target Compilation, Sustainability report, Sustainable Finance Updates and Sectoral ESG Thematic Detailing Engagement.

Connect with the experts at