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Publication of global framework to tackle nature-related financial risk

Norges Bank Investment Management has been an active member of the Taskforce on Nature-related Financial Disclosures (TNFD) since 2021. Today the group publishes its new framework which aims to guide companies and investors in managing nature-related financial risks.

19 September 2023

Norges Bank Investment Management has been actively involved with the TNFD as a Taskforce Member since the initiative launched in 2021.

 "We welcome the launch of the TNFD as a step change for nature-related financial disclosures globally. Contributing to initiatives such as this, is a central part of the work we do at Norges Bank Investment Management to strengthen sustainability standards across the global markets where the fund invests”, says Carine Smith Ihenacho, Chief Governance and Compliance Officer.
The framework will be an important tool to help market participants enhance and harmonise their approach towards the financial risks presented by nature loss and degradation.

“As we now move from creation mode to implementation mode, we will actively consider how to best utilise the TNFD framework in our ownership activities and in our portfolio analysis”, says Snorre Gjerde, Lead Investment Stewardship Manager and Taskforce Member.

Press contact:
Line Aaltvedt
Head of Media
Tel: +47 948 54 656

More about Taskforce on Nature-related Financial Disclosures