City forms climate group to tackle nature-related risks

Senior executives from across financial institutions, corporates and market service providers, have been selected to serve for two years as members of the Taskforce on Nature-related Financial Disclosures.

TNFD has been created to develop and deliver a risk management and disclosure framework for organisations to report and act on evolving nature-related risks and shift global financial flows away from nature-negative outcomes and toward nature-positive outcomes. The finalised framework is earmarked for release in late 2023.

The 30 Taskforce Members have been selected for their sector and geographical coverage and their individual subject-matter expertise across nature and finance that can support TNFD’s mission. The members represent sectors with the largest impact and dependencies on nature, such as agribusiness, the blue economy, food and beverage, mining, construction, infrastructure and others, and are globally representative coming from 14 countries across five continents.

Companies represented include AXA, Bank of America, Blackrock, BNP Paribas, GSK, HSBC, Nestlé, Swiss Re and UBS.

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