Stockholm (NordSIP) – AP7 has announced Johan Florén, Head of Communications and ESG, and Flora Gaber, Head of ESG Analysis, will be representing the Swedish public pension fund at the Taskforce on Nature-related Financial Disclosures (TNFD).
Mirroring the work of the Task Force on Climate-Related Financial Disclosures(TCFD), TNFD’s hopes to develop a risk management and disclosure framework for organisations to report and act on nature-related risks. TNFD will focus on how companies are affected by, as well as how they affect, nature and biodiversity in the short and long term. The goal is for the framework to enable clearer action to manage the risks.
“Research is clear – natural resources and biodiversity are under clear pressure worldwide. I am convinced that global collaboration is key to finding solutions. Therefore, we are proud to be a member of the TNFD and to contribute to the development of a global standard for reporting and managing nature-related risks. Through measurement and disclosure, both companies and investors gain a clearer understanding of how we should act together in the right direction”, says Richard Gröttheim, CEO of AP7.
The TNFD counts 35 members from around the world representing financial actors and companies from a wide range of sectors and driving the work of the initiative. Although AP7 is the only Nordic representative at the TNFD, the taskforce includes another 29 senior executives, such as representatives from AB InBev, AXA, Bank of America, BlackRock, HSBC, BNP Paribas, GlaxoSmithKline, Mirova, Nestle, Tata Steel and UBS.
Moreover, over 100 institutions have signed up to provide support to the Taskforce by joining the TNFD Forum, a consultative grouping of institutional supporters, making available their global, cross-sector expertise when required
Taskforce Members to form five Working Groups to drive forward preparation of a beta framework to be launched in early 2022. The five Working Groups will focus on:
- Defining nature-related risks
- Data availability
- Landscape of standards and metrics
- Development of a Beta framework
- Pilot testing and integration