Rockefeller Foundation Grants $500,000 to TNFD to Advance Nature-Related Financial Disclosures

At the 55th Annual Meeting of the World Economic Forum, the Rockefeller Foundation announced a $500,000 grant to the Taskforce on Nature-related Financial Disclosures (TNFD). This market-driven, science-based initiative empowers organizations with tools to address evolving nature-related risks and integrate nature into their risk management, balance sheets, and capital allocation strategies.

“Because nature-related risks and opportunities affect most of the global economy, it is critical to incorporate natural capital considerations into decision-making across the private and public sectors,” said Maria Kozloski, Senior Vice President of Innovative Finance at The Rockefeller Foundation. “We are excited to support the Taskforce on Nature-related Financial Disclosures in advancing a globally coordinated framework on nature-related dependencies, impacts, risks, and opportunities.”

The funding will bolster TNFD’s efforts to encourage voluntary adoption of its recommendations, aiming to embed nature into companies' and financial institutions' decision-making processes. This partnership aligns with the Rockefeller Foundation’s broader mission to enhance accountability and integrity in climate and nature-based solutions while driving capital toward underfunded areas.

The World Economic Forum has identified biodiversity loss as the third-largest global risk over the next decade. According to the United Nations, nearly 1 million species face extinction within decades, and ecosystems have declined by an average of 47% compared to natural baselines. Nature-based solutions, however, could provide 37% of the required climate change mitigation by 2030.

TNFD’s Framework

Since its establishment in 2021, the TNFD has developed a comprehensive risk management and disclosure framework, securing commitments from over 500 corporates and financial institutions across 50+ jurisdictions. Its recommendations are modelled on the Task Force on Climate-related Financial Disclosures (TCFD), whose climate-related framework has been integrated into International Sustainability Standards Board (ISSB) guidelines.

“The TNFD’s work underscores a fundamental shift toward recognizing nature as essential to the health and resilience of our economies, communities and ecosystems,” said David Craig, Co-Chair of TNFD. “With financial support from key partners like The Rockefeller Foundation, we are helping businesses and financial institutions account for and safeguard natural capital, advancing a global transition to resilient, nature-positive systems that benefit communities and businesses alike.”

The TNFD framework facilitates:

• Governance and strategy alignment for addressing nature-related risks.

• Shifting capital flows from nature-negative to nature-positive outcomes.

• Supporting private sector contributions to the Kunming-Montreal Global Biodiversity Framework.

With over 1,600 organizations supporting its mission, including institutions managing $17 trillion in assets, TNFD is at the forefront of a global movement to tackle nature-related risks. Its impact extends across sectors, fostering better-informed decisions for a sustainable and equitable future.

About the Rockefeller Foundation

The Rockefeller Foundation leverages science, technology, and innovation to promote human well-being and advance climate solutions. Focusing on food, health, energy, and finance aims to transform systems and reverse the climate crisis, ensuring a flourishing future for communities worldwide.