TNFD Unveils Metrics Architecture in Second Beta Framework  

The Taskforce on Nature-related Financial Disclosures (TNFD) has launched the second version of its beta framework for nature-related risk and opportunity management and disclosure. In March, the TNFD launched the initial beta test of its framework, which elicited “overwhelmingly positive” feedback from over 130 market participants and stakeholders across 37 countries. This latest version of the framework includes several enhancements, including a draft architecture for metrics and targets, and an illustrative set of assessment metrics to support pilot testers. It also offers further guidance on how to undertake dependency and impact evaluation as well as the identification of priority locations as part of the Locate Evaluate Assess Prepare (LEAP) approach. Elizabeth Mrema and David Craig, TNFD’s Co-Chairs, said: “The Taskforce has continued to work at great pace [..] we are delighted with the level of market interest and feedback in the process and will continue to develop a science-based, practical approach aligned as much as possible with other standards-setting, regulatory and policy developments globally as they evolve”. There are due to be two further beta drafts to be launched in October 2022 and February 2023 ahead of the final framework’s planned publication in September 2023.



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