A group representing institutions with $18.3 trillion in assets under management on Tuesday published a draft framework on how to seize the opportunities and head off the risks linked to the natural world.
The Taskforce on Nature-related Financial Disclosures said it would be seeking industry input over the next 18 months to improve on the draft version before releasing recommendations in the third quarter of 2023.
"Building an improved understanding of nature and nature-related risks and opportunities is a critical enabler of better corporate strategy, better capital allocation decisions, better governance, and better risk management and disclosure practices," TNFD co-Chair David Craig said.
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