A Sustainable Investment in Journalism

A sustainable business requires diverse revenue streams. ESG Investor now operates a subscription service as of Tuesday 14th May. To find out more please get in touch with our subscription team on subscriptions@esginvestor.net

TNFD, EFRAG Map Disclosure Commonalities

The Taskforce on Nature-related Financial Disclosures (TNFD) and European Financial Reporting Advisory Group (EFRAG) have published an outline of the correspondence between their respective disclosures and metrics. The TNFD’s framework and EFRAG’s European Sustainability Reporting Standards (ESRS) have a high level of commonality, the two bodies determined, with all 14 TNFD recommended disclosures reflected in the ESRS. Areas of alignment include: both the TNFD and ESRS recommend the need to disclose nature-related impacts, risks and opportunities; the ESRS specify double materiality disclosures, where the TNFD enables approaches including double materiality; and the ESRS state that companies may conduct biodiversity and nature-focused materiality assessments using the TNFD’s LEAP approach. “As market participants from over 45 countries have started to assess and report on their nature-related issues aligned with our recommendations, many have asked us for further guidance to ensure their reporting complies with their mandatory EU Corporate Sustainability Reporting Directive requirements,” said Tony Goldner, Executive Director of TNFD. “We look forward to continuing to collaborate with the EU in the development and sharing of practical guidance to ensure high-quality, consistent sustainability reporting disclosures.” The correspondence table follows two years of close collaboration between EFRAG and TNFD as both sets of standards were developed in parallel.

The practical information hub for asset owners looking to invest successfully and sustainably for the long term. As best practice evolves, we will share the news, insights and data to guide asset owners on their individual journey to ESG integration.

Copyright © 2024 ESG Investor Ltd. Company No. 12893343. ESG Investor Ltd, Fox Court, 14 Grays Inn Road, London, WC1X 8HN

To Top