Taskforce on Nature-related Financial Disclosure (TNFD)

We are all directly affected by the biodiversity crisis. Our different ecosystems supply us with food, raw materials and energy – but only if they are intact. Loss of biodiversity therefore threatens not only our livelihood, but also poses a major risk for businesses. To lay the foundation to identify and quantify the associated risks at an early stage – Swiss Sustainable Finance (SSF) and the UN Global Compact Network Switzerland & Liechtenstein (GCNSL) are collaborating with the Taskforce on Nature-related Financial Disclosure (TNFD). They established the Swiss TNFD Consultation Group to promote the TNFD frameworks for identifying nature-related risks in Switzerland and to actively support their continuous development.

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The TNFD is currently in the design and development phase of its work, building and testing a risk management and disclosure framework for nature-related risks and opportunities with market participants in an interactive, open innovation approach.

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The Consultation Group of Switzerland looks forward to engaging with national financial institutions, corporate actors, civil society organisations, local and Indigenous communities, and public sector institutions to:

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• understand national concerns around nature-related risks and opportunities;

• socialise the draft TNFD framework with local actors; and

• gain feedback on the draft framework to ensure the final framework can be readily applied by organisations in Switzerland.