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TNFD to Receive €29 Million German Funding

The government of Germany has announced it will provide €29 million in funding for the Taskforce on Nature-related Financial Disclosures (TNFD). The funding is for a six-year period, and will look to support the TNFD’s ongoing framework development and market engagement activities. In the longer term it will look to support market skills and capability building initiatives, enabling voluntary market adoption of its disclosure framework. Elizabeth Mrema, the TNFD’s Co-Chair, said: “We are delighted that the government of Germany has followed through on its strong statement of support for TNFD earlier this year as G7 President to provide long-term strategic funding for TNFD development and adoption. This strategic support from Germany will play a critical role over the years to come to build market awareness, skills and organisational capabilities to move forward.”

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