Understanding nature risk is an ‘immense amount of work’

The Taskforce on Nature-related Financial Disclosures is proposing yet another framework to understand sustainability but its co-chair insists this will lead to a better, more harmonised reporting system.

David Craig, the former CEO of data provider Refinitiv, has joined the newly created Taskforce on Nature-related Financial Disclosures (TNFD), which recently published its prototype framework, and is planning updates for June and October this year and a final structure by the third quarter of 2023. Established in June 2021 with a mandate from the G7, TNFD now counts on 34 members helping design its framework and representing over $18tn in assets or assets under management, including the Norwegian pension fund, BlackRock, UBS, BNP Paribas and the Singapore Exchange, says Craig. Sustainable Views spoke to him ahead of the framework release.