EFRAG and TNFD sign cooperation agreement
21 Dec 2023
The European Financial Reporting Advisory Group (EFRAG) and the Taskforce on Nature-related Financial Disclosures (TNFD) have signed a cooperation agreement to further advance nature-related reporting.
The agreement highlights the importance of addressing nature-related matters to advance corporate sustainability. It reflects a shared commitment between EFRAG and TNFD to enhance transparency on biodiversity and ecosystems matters.
The agreement builds on a long-standing collaboration between EFRAG and TNFD, which resulted in alignment of the European Sustainability Reporting Standards (ESRS) with the TNFD’s recommended disclosures. The ESRS have been developed by EFRAG and were adopted by the European Commission in July 2023.
As a next step, EFRAG and TNFD will publish a detailed interoperability mapping table illustrating the alignment of ESRS with the TNFD recommendations. The table is expected to be published early in 2024.
For more information, please click to see the press release on the EFRAG website.
