TNFD to release blueprint for nature data facility in late 2024

January 31, 2024|Written by Katy Lee

The Taskforce on Nature-related Financial Disclosures (TNFD) has said it expects to release a blueprint of its global nature data facility in late 2024, setting out the platform’s technical set-up, funding and governance.

The TNFD announced plans in August for a platform that would provide high-quality, publicly-available data on everything from biodiversity to land degradation, allowing governments to shape better policies and companies to produce more accurate environmental disclosures.

The concept is similar to that of the Net Zero Data Public Utility, a global database of companies’ emission data. The idea behind the TNFD facility, however, is to provide data on a wider range of factors that are driving environmental degradation beyond climate change, such as pollution and resource use.

A spokesperson for the TNFD told Green Central Banking that the organisation had received  “very positive feedback” on the scoping study that set out the plans for the nature data facility.

“Feedback since then from a range of stakeholders has confirmed the value proposition of developing a nature-related public data facility. We are moving ahead with that work and planning to have a blueprint covering technical, funding and governance aspects for comment in the fourth quarter of this year,” the spokesperson said.

The TNFD’s executive director Tony Goldner told a media briefing earlier this month that governments including the UK and Germany had offered funding to support the data facility, and that a head of data had been hired to lead its development.

This page was last updated February 1, 2024

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