09/28/2022
Sika AG is supporting the Taskforce on Nature-related Financial Disclosures (TNFD) and joined the TNFD Forum a global multi-disciplinary consultative group of institutions with over 650 Forum members.
Sika is a member of the TNFD Forum
With its participation at the TNFD Forum, Sika shares the ambition of the TNFD to develop and deliver a risk management and disclosure framework for organizations to report and act on evolving nature-related risks, with the aim of supporting a shift in global financial flows toward nature-positive outcomes. Clemence Coquet, ESG Controller, and Tess Coljin, ESG Analyst, represent Sika in the TNFD Forum and contribute to the work and mission of the Taskforce.
Sika supports the TNFD in developing a consistent market-led, risk framework to identify, report on and manage these risks, as well as nature-related opportunities. Sika’s engagement in the TNFD Forum encompasses contributions to specific research activities, participation in industry pilots, surveys and polls of Forum members. The TNFD is not developing a new standard but creating an integrated framework that builds on existing standards, metrics and data.
The TNFD framework adopts a four-pillar approach, structured around how organizations operate: Governance, Strategy, Risk management, Metrics and targets. This is the same structure used by the Task Force on Climate-related Financial Disclosures’ (TCFD) framework. The TNFD framework will provide a structure for organizations to report against the four pillars.