Today, beta v.0.4 of the TNFD Risk and Opportunity Framework was released. This is the last draft that will be available for consultation before the launch of the final TNFD document in September 2023.

IEMA’s Policy and Engagement Lead on biodiversity and natural capital, Lesley Wilson, reports.

The TNFD provides a suite of tools and guidance to support businesses to understand and report on their nature-related impacts and dependencies and is roughly divided into: nature related issues assessment (using their LEAP – Locate, Evaluate, Assess, Prepare – model); recommended disclosures; and additional guidance on sectors, biomes, scenarios, stakeholders and metrics.

The TNFD continues to use the same structure and language as the TCFD (Task Force on Climate-related Financial Disclosure) for consistency. All 11 recommended TCFD disclosures have been included plus a further 3 for clarity in the nature context. The TNFD also continues to attempt to align with other initiatives such as SBTN (Science-Based Targets for Nature) and the Global Biodiversity Framework.

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Lesley Wilson AIEMA

Policy and Engagement Lead

Lesley is Policy and Engagement Lead at IEMA with a focus on biodiversity and natural capital. Lesley also supports IEMA’s role as Secretariat to the UK Business and Biodiversity Forum, working with businesses to raise the profile of, mainstream, and share good practice in, biodiversity. Lesley joined IEMA in December 2021 after 11 years delivering projects, programmes and solutions for business in the field of environmental sustainability for the British Standards Institution (BSI), including ground breaking standards in biodiversity net gain and natural capital. Lesley has a qualification in business management (MBA) and climate change management, and mentors environmental students at the University of Westminster.