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On behalf of the Australian Government, KPMG is facilitating a series of Taskforce on Nature-related Financial Disclosures (TNFD) workshops. In the second of this four-part series, we will explore the interconnections between nature and climate and investigate why it is important to shift the climate dialogue to be nature-inclusive.


What is the TNFD?

The TNFD was established in June 2021 to develop and deliver a standardised risk management and disclosure Framework for organisations to report and act on evolving nature-related risks and opportunities. In March 2022, a beta-version (v0.1) of the Framework was released for testing and feedback.


What is the objective of this workshop series?

The workshops are part of a broader project seeking to educate and gather feedback from potential users of the TNFD Framework(s), now and into the future – especially throughout the period in which the 'beta' Framework is iterated. The Australian Government is seeking to ensure the perspectives of Australian businesses are accurately incorporated in the development and creation of the final TNFD framework, set to be released in 2023, and develop a clear understanding of the needs of the private sector and role of government going forward, particularly in respect of data and information.


How are the workshops structured?

On behalf of the Australian Government, KPMG is facilitating a series of four workshops between May – August 2022. The workshops will seek to highlight the purpose, objectives and activities of the TNFD to Australian companies and inform businesses on the use and application of the beta-Framework(s).

This workshop will:

  • dive deep into the impact of climate change on nature and look at nature's capacity to deliver ecosystem services that mitigate climate change;
  • discuss how the compounding climate-nature effect is a large business and investor risk;
  • examine how nature-climate risks can be mitigated through nature-climate opportunities, and how some short-term solutions to climate change can result in nature loss; and
  • close by providing some supporting context on how the TNFD is recommending combined climate-nature disclosures, which build upon the Task Force on Climate-related Financial Disclosures (TCFD) via the evolving International Sustainability Standards Board's (ISSB) integrated sustainability reporting standards.


When: Monday 20 June, 9:30am – 11:00am AEST

Where: Workshop will be held virtually via Microsoft Teams​

RSVP: Please register to RSVP by 5:00pm, Friday 17 June


If you have any questions, don't hesitate to reach out to Grace Soutter (Grace.Soutter@awe.gov.au) or Evie Murdoch (emurdoch@kpmg.com.au).



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