Nearly fifty civil society organisations and networks - whose members include over 220 organizations on six continents - have publicly written a letter to the Taskforce on Nature-related Financial Disclosures (TNFD) to express their “profound concern” with its work.

The letter raises various concerns. This includes that TNFD’s proposal would not require a business to report on its impacts, such as risks or harms to nature and people; complaints about its environmental practices or lobbying against new environmental laws, or even disclose where it operates, sources from or finances.

“The potential for TNFD to facilitate greenwashing is very real. Under its proposed approach, a company can claim to be a champion of biodiversity while secretly lobbying to undermine laws that would protect nature and hold corporations to account,” said Merel van der Mark, coordinator of the Forests & Finance Coalition

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