Over 3,000 unique metrics are used for corporate reporting, with different definitions used for similar indicators, inconsistencies and uneven coverage across nature-related issues. The Taskforce on Nature-related Financial Disclosure’s metric architecture provides a ‘leading indicators approach’ for the measurement of nature-related issues. This approach reconciles the large number of indicators and the needs of market participants for a relatively small set of disclosure indicators and metrics that can be compared and subjected to third-party assurance. The metrics have been selected based on the following principles:
- Science-based and provide insights into the consequences of business and finance activities
- Sensitive enough to reflect change on an annual basis
- Relevant to the business model and value chain of report preparers
- Proportionate, reflecting the practical capacity and cost constraints of report preparers
- Decision-useful to the primary users of corporate sustainability reports
- Subjectable to independent limited assurance in the medium term
- Aligned to global and national policy goals and targets
About the Publisher
The Taskforce on Nature-related Financial Disclosures (TNFD) is a market-led, science-based and government-backed initiative that provides organisations with the tools to act on nature-related issues. TNFD consists of members that represent financial institutions, corporates and market service providers. These members have developed recommendations, guidance and frameworks for assessment and reporting of nature-related impact.
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