TNFD is ‘getting real traction in China’, says co-chair

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🗞️ Driving the news: Nature-related financial disclosures are gaining momentum in China, according to Taskforce on Nature-related Financial Disclosures (TNFD) co-chair David Craig, following the adoption of the framework by Bank of China

🔭 The context: The TNFD framework helps companies and financial institutions assess and disclose nature-related risks and opportunities, similar to how climate disclosure frameworks address carbon risks

🌍 Why it matters for the planet: China’s growing engagement with biodiversity reporting aligns with its broader environmental agenda
• It includes the vision of building a “Beautiful China”, a concept promoted by Xi Jinping emphasizing ecological protection alongside economic development

⏭️ What’s next: As China advances toward its 2030 carbon peak targets, biodiversity and nature risks are increasingly viewed by policymakers and financial institutions as both economic risks and strategic investment opportunities

💬 One quote: Nature disclosures are “getting real traction in China.” — David Craig, TNFD co-chair

📈 One stat: China aims to peak its carbon emissions by 2030, making environmental risk disclosure frameworks increasingly relevant for financial institutions and corporates

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