Missing metrics: climate vs nature
Data on nature-related risks is more complicated than for climate

Just like its precursor did in the climate space, the emerging Taskforce on Nature-related Financial Disclosures (TNFD) has gathered significant mainstream finance sector interest. With a group of new members joining today - including the Brazilian development bank, BNDES, clothing giant H&M, and the world’s largest meat producer, JBS - the initiative’s Informal Working Group now totals 73 members, including over 40 financial institutions. But while the TNFD builds on the successful Task Force on Climate-related Financial Disclosures (TCFD), the new nature-focused Taskforce faces unique challenges: when it comes to data, metrics and methodologies, there are critical differences between climate and nature.