The Problem with TNFD Disclosures Explained
from Earth Matters Hosted by BFM Media
As biodiversity loss accelerates, there’s a growing push to get financial institutions to take responsibility. In Malaysia, Bank Negara has announced plans to adopt nature-related risk assessments inspired by the Taskforce on Nature-related Financial Disclosures or TNFD, which is a global initiative that provides a framework for companies and financial institutions to report and manage nature-related risks and impacts. But how effective — or even fair — is this framework? Shona Hawkes, a Senior Advisor on Finance at the Rainforest Action Network, joins us to explore why many environmental and rights groups are deeply concerned about the TFND, and why they believe its practices could open the door to more corporate greenwashing. Image Credit: Forests & Finance | YouTube
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