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What is the difference between Tnfd and TCFD?

Although there are similarities between the frameworks, the key difference is that the TCFD is focused solely on disclosure of climate-related risks and opportunities and TNFD recommendations encourage climate-nature disclosures, rather than just nature disclosures.

What is the TNFD framework?

What is the TNFD? Our recommendations and guidance provide organisations with a risk management and disclosure framework to act on evolving nature-related dependencies, impacts, risks and opportunities. They are designed to provide decision-useful information to capital providers and other stakeholders.

What is the relationship between TCFD and TNFD?

The TNFD is closely aligned with the TCFD and ISSB The TNFD Framework was designed to complement, and build on the structure of, the existing disclosure framework developed by the TCFD. The TCFD recommendations provide a framework for organisations to disclose climate-related risks, opportunities and financial impacts. Eight things to know about the Taskforce on Nature-related White Case Our Thinking White Case Our Thinking

Is the TNFD mandatory?

Although TNFD reporting is not mandatory (yet!), investors may start asking for corporate disclosures on their impact on nature, and start assessing their own exposure to biodiversity risk.

Is the TNFD mandatory or voluntary?

Reporting under the TNFD framework will remain technically voluntary for Australian businesses until codified in Australian law, and the Federal Government has not yet indicated an intention to introduce mandatory TNFD-aligned reporting: instead, recent efforts have focused on developing a mandatory climate-related

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