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Bank Australia has been announced as an Australian TNFD adopter by Taskforce on Nature-related Financial Disclosures (TNFD) and The Hon Tanya Plibersek MP, Minster for the Environment and Water at the inaugural Global Nature Positive Summit.
TNFD developed a set of disclosure recommendations and guidance that encourage and enable business and finance to assess, report and act on their nature-related dependencies, impacts and risks. The aim of the recommendations and guidance is to enable businesses and finance to integrate nature into decision making.
As part of our nature and biodiversity strategy launched earlier this year, we committed to piloting the TNFD. Our strategy sets out our vision towards a 2030 where nature is protected and recovering.
Our first disclosure that begins referencing the TNFD is in our 2024 Impact Report.
Bank Australia Managing Director, Damien Walsh said our customers care deeply about nature and our nature and biodiversity strategy sets out how we'll take action to contribute to a healthy planet for future generations.
‘‘We're pleased to share our first disclosure using the TNFD and be named as an adopter in Australia. We know there is still much to be done to better understand our nature related impacts and dependencies and we look forward to sharing our progress with our customers and stakeholders.''
Hon Tanya Plibersek MP, Minster for the Environment and Water also launched the Nature Positive Matters, a government-backed initiative creates a network of leaders who recognise the growing international importance and economic value of looking after nature. We’re proud to be a founding member alongside other organisations including Blackmores, Bega Group, REST Super, Qantas, Brambles and The GPT Group.
Read more about our disclosure in our 2024 Impact Report here.
To find out more about TNFD you can visit their website.
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