The Taskforce on Nature-Related Financial Disclosures (TNFD) recommendations, launched yesterday at Climate Week in New York, are a major turning point for nature, for businesses and governments, and for natural capital accounting.
The final recommendations put the System of Environmental Economic Accounting (SEEA) front and centre. This solidifies the growth we’ve seen in use the of the SEEA over the past decade, with more and more countries and corporates now using the framework. The TNFD recommendations make it clear that businesses and governments everywhere use the SEEA EA to define ecosystem assets, condition and the services and the benefits they provide.
The TNFD Framework has been in development – including wide consultation with thousands of stakeholders – for two years. As the authors of the SEEA, we have been involved in the TNFD consultation process and are delighted to see that the world is now heading in this direction.
This clear guidance gives governments and corporates the certainty they’ve been looking for.
And, having used the SEEA for complex nature-related risk analysis for over ten years, we are well placed to support organisations looking to implement the TNFD recommendations and meet their disclosure obligations.
So, we’re here to help. Please feel free to get in touch.