TNFD

ISSB’s Sue Lloyd says the standard setter aims to publish guidance this year on how applying its climate standard should result in 'thinking about nature-related things'.

Further efforts to align with global standard setters also announced, while next steps will include guidance on transition planning and sector disclosures.

The Nature Conservancy, Nature Finance, WWF, and Business for Nature among participants.

In related news, some investors are putting pressure on the TNFD to take a double materiality approach.

Planned framework provisionally encompasses social and inequality-related risks and opportunities affecting financial stability and long-term enterprise value creation.

Latest draft suggests taxonomies can play key role in disclosing nature-related opportunities, while also publishing draft guidance on nature scenarios.

Plus: ShareAction analysis finds world's largest asset managers lacking biodiversity voting and engagement policies.

Move comes as investors layout expectations for corporates in deforestation engagement initiative.

TPR acknowledges concerns around TCFD reporting and says it will not be taking a tough approach to regulation as it assesses first wave.

Elizabeth Maruma Mrema calls for government action ahead of crucial UN COP15 conference in December.