Task Force on Nature-Related Financial Disclosures (TNFD) Index
The TNFD developed recommendations for voluntary nature-related financial disclosures as a tool for investors and other stakeholders to assess risks associated with nature change.
| Core Element | TNFD Disclosure | Reference |
|---|---|---|
| Governance Disclose the organization’s governance around nature-related risks and opportunities. |
a) Describe the board’s oversight of nature-related risks and opportunities. | Governance ESCR Committee p 103; Pay for Performance & ESG Metrics p 108; Risk Management & ESG Oversight p. 109; Proxy; CDP Questionnaire: Climate Change, Water Security |
| b) Describe management’s role in assessing and managing nature-related risks and opportunities. | Pay for Performance & ESG Metrics p 108; Risk Management & ESG Oversight p. 109; CDP Questionnaire: Climate Change, Water Security | |
| Strategy Disclose the actual and potential impacts of nature-related risks and opportunities on the organization's businesses, strategy, and financial planning where such information is material. |
a) Describe the nature-related risks and opportunities the organization has identified and outline the next steps over the short, medium, and long term. | Nature-related Risks and Opportunities p. 50; 2023 Form 10-K; CDP Questionnaire: Climate Change, Water Security |
| b) Describe the impact of nature-related risks and opportunities on the organization’s businesses, strategy, and financial planning. | Nature-related Risks and Opportunities p. 50 | |
| Risk Management Disclose how the organization identifies, assess, and manages nature-related risks. |
a) Describe the organization’s processes for identifying and assessing nature-related risks. | Risk Management p. 109; Nature-related Risks and Opportunities p. 50; CDP Questionnaire: Climate Change, Water Security |
| b) Describe the organization’s processes for managing nature-related risks | Risk Management p. 109; CDP Questionnaire: Climate Change, Water Security | |
| c) Describe how processes for identifying, assessing, and managing nature-related risks are integrated into the organization’s overall risk management. | Risk Management p. 109; CDP Questionnaire: Climate Change, Water Security | |
| Metrics and Targets Disclose the metrics and targets used to assess and manage relevant nature-related risks and opportunities where such information is material. |
a) Disclose the metrics used by the organization to assess nature-related risks and opportunities in line with its strategy and risk management process. | Annual methane reduction and methane intensity reduction targets p. 34; Commitment to GHG Emissions Reduction p. 37; Performance Scorecard p. 121; CDP Questionnaire: Climate Change, Water Security |
| b) Disclose water use, waste, pollution, and recycling metrics | Commitment to Water Stewardship p. 43; Performance Scorecard p. 122, CDP Questionnaire Climate Change, Water Security | |
| c) Describe the targets used by the organization to manage nature-related risks and opportunities and performance against targets. | Performance Scorecard p. 123; CDP Questionnaire Climate Change, Water Security |