Aviva expects TNFD reporting from companies in 2023

Asset management company Aviva Investors has said that reversing nature loss is part of the company’s 2023 stewardship priorities. As part of this, Aviva expects companies to begin reporting along the lines of the Taskforce on Nature-related Financial Disclosures (TNFD) framework. The framework, due to be finalised in 2023, is aimed at developing and standardising an approach towards assessing nature-related risk management. Mark Versey, chief executive of Aviva Investors, set out the expectation in his annual letter to the chairs of companies where Aviva Investors is a shareholder or bondholder. Versey wrote: “The Global Biodiversity Outlook report highlighted our collective failure to deliver any of the 20 targets in the prior decade. This must not be repeated if we are to halt and reverse nature loss, recognising efforts to combat climate change are inextricably linked to the protection of the planet’s ecosystems.” Aviva’s other stewardship targets include decarbonisation strategies and the cost-of-living crisis.