IS Ratings Alignment Note
The IS Ratings Alignment Note on TNFD Disclosures and Metrics is here to guide organisations in leveraging IS Ratings for TNFD (Taskforce for Nature-based Financial Disclosures) recommendations.
In recent years, financial reporting requirements have increasingly incorporated climate and nature-based disclosures, reflecting the heightened awareness of environmental risks in the global economy. This development is driven by the recognition that the escalating impacts of climate change, biodiversity loss, and the depletion of natural resources pose substantial risks to businesses and economies. Regulators, investors, and stakeholders are demanding greater transparency on how companies assess, manage and respond to these risks. International frameworks, such as the Taskforce on Climaterelated Financial Disclosures (TCFD), along with newer guidelines like the Taskforce on Nature-related Financial Disclosures (TNFD), are instrumental in integrating environmental factors into financial reporting. These disclosures aim to enhance accountability, mitigate risks, and align financial practices and flows with global sustainability objectives, including the Paris Agreement and the Global Biodiversity Framework (GBF).