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TNFD Names IUCN Chief as New Co-chair

Razan Al Mubarak, President of the International Union for Conservation of Nature (IUCN), has joined the Taskforce on Nature-related Financial Disclosures (TNFD) as Co-chair, alongside David Craig. She replaces Elizabeth Maruma Mrema, who stepped down from the role in March due to the “growing demands of her responsibilities” as Deputy Executive Secretary of the UN Environment Programme (UNEP), the taskforce said. Elected as the IUCN’s President in 2021, Al Mubarak is the first woman from the West Asia region to have led the organisation in its 72-year history, and its first Arab president since 1978. As part of her role, she has helped mobilise global business and finance engagement, and has advocated for an integrated and holistic approach to climate change action “with nature at its heart”, the TNFD said. “Businesses and financial institutions of all sizes across all sectors and geographies need to start managing their interface with nature as their most important supply chain and value-creation partner,” said Al Mubarak. “I look forward to helping lead the taskforce’s efforts as we seek to embed [the] recommendations in the global corporate reporting architecture, aligned with the commitment of over 190 governments around the world to Target 15 of the Global Biodiversity Framework.”  The TNFD released its corporate reporting recommendations in September last year and is now focused on incorporating those into standards, as well as on a range of capability-building initiatives to help market participants better identify, assess and manage nature-related risk. “I am delighted to welcome Razan to the TNFD as my Co-chair for this next phase of [our] mission to align to global reporting standards and build market confidence to take action in the face of accelerating nature loss,” said David Craig, who has served as Co-chair since the TNFD was established in 2021. “[We] will benefit from Razan’s lifelong commitment to conservation and biodiversity and her global leadership and tireless advocacy at the nexus of climate and nature challenges … as COP28 Climate Champion.”

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