This is part of a series of briefs exploring the topic of sustainability, business and the finance professional’s key role. These briefs will help organisations consider the sustainability issues, how to integrate them into their long-term decision-making, and how to incorporate these issues into internal and external reporting.
This paper is designed to present a summary of the Task Force on Nature-related Financial Disclosures (TNFD) recommendations. It is written from the management accounting perspective. The paper answers four questions,
How were the TNFD recommendations developed?
What are the TNFD recommendations?
Why are the TNFD recommendations needed?
Who will encounter the TNFD recommendations.
As a finance professional, you are likely to encounter one or many of the sustainability frameworks and standards and We will continue to release papers summarising the major methodologies.