| Due to the demands of her role as Assistant Secretary-General of the United Nations and Deputy Executive Director of the United Nations Environment Program (UNEP), the Taskforce on Nature-related Financial Disclosures (TNFD) announced today that Mrs Elizabeth Maruma Mrema is stepping down from her role as TNFD Co-Chair. The process of identifying and selecting a new Co-Chair of the TNFD has now commenced. Mrs Mrema will however continue to support the TNFD in the capacity of a senior adviser alongside eight other senior advisers also announced today. |
| Mrs Mrema has held the role of Co-Chair since the TNFD was launched in June 2021. Together with her Co-Chair, David Craig, she has steered the TNFD Taskforce through the design and development phase of the TNFD Framework, while overseeing the negotiations for the Global Biodiversity Framework in her role as Executive Secretary of the Convention on Biological Diversity (CBD) Secretariat leading to its adoption at COP 15 in Montreal in 2022. |
| Elizabeth Maruma Mrema said, “It has been an honour to lead the Taskforce with my fellow Co-Chair, David Craig. I am particularly delighted that the final Recommendations serve as a mechanism to operationalise the objective of Target 15 of the Global Biodiversity Framework. In just over two years, we have delivered the Recommendations and have also welcomed our first cohort of Early Adopters of the TNFD. These extraordinary achievements are the result of the collective efforts of my colleagues in the Taskforce and I wish them every success as they embark on the next phase of work.” |
| David Craig said, “Elizabeth’s leadership and support of the Taskforce over the past two years demonstrates a real dedication that has been even more remarkable given that she has also been driving change on the global stage in her policy making roles. I have enjoyed working alongside Elizabeth as Co-Chair, and the Taskforce and I value her contributions enormously. She has counselled the Taskforce with enthusiasm and contributed her powerful intellect and insights, and always shares her warmth and good humour. I am delighted that the Taskforce will continue to have access to Elizabeth’s strategic counsel as a senior adviser.” |
| The TNFD also announced the appointment of eight other senior advisers to advise the TNFD Co-Chairs, Taskforce members and Executive Director on the next phase of TNFD’s work encouraging voluntary market adoption and supporting knowledge and capability building efforts. |
| The Taskforce will benefit from the multi-disciplinary experience and strategic counsel provided by this small group of senior advisers who are aligned with our mission and help to inform and amplify our stakeholder engagement activities. |
| The newly appointed Senior Advisers are: |
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| TNFD Senior Advisers: |
| André Hoffmann is a businessman, environmentalist, and a passionate advocate for business as a force for good. André is Vice Chairman of Roche Holding AG, the family business. He also sits on the Board of SystemIQ and the Board of Trustees of the World Economic Forum. André also has a distinguished career in nature conservation and sustainability. He is chairman of the supervisory board of Capitals Coalition and President of Fondation Tour du Valat. He is also Founding Member and Chairman of the Advisory Board of the Hoffmann Global Institute in Business and Society at INSEAD. |
| Elizabeth Maruma Mrema is Assistant Secretary-General of the United Nations and Deputy Executive Director of the UN Environment Programme (UNEP). Elizabeth is a biodiversity leader and lawyer with over two decades of experience working in the development and environment sectors, with a track record of negotiating next-generation policies and enabling instruments for planet, people and prosperity. Prior to her current role, she was Executive Secretary of the United Nations Convention on Biological Diversity (CBD) where she led the negotiations of the Global Biodiversity Framework adopted in 2022. Elizabeth’s work as Director of the Law Division at UNEP focused on the development, implementation and enforcement of environmental laws both at the national, regional and international level. Elizabeth held the role of TNFD Co-Chair from June 2021 – March 2024. |
| Andrew Mitchell is currently the Vice Chair of the Stewardship Council of the Taskforce on Nature-related Financial Disclosures. He engages with banks, investors, and insurers worldwide on risks and opportunities in sustainable finance. He is also the Founder and Senior Adviser to Global Canopy and helped to accelerate the understanding of forests and climate within the UNFCCC and pioneered biodiversity disclosure among corporations worldwide. In 2023, he received the Founders Medal, from the UK’s Royal Geographical Society, a Royal Medal approved by King Charles III. |
| Hiro Mizuno is Founder and CEO of Good Steward Partners, LLC. serving as Special Advisor to CEO of MSCI, Inc. He was also the former Special Envoy of U.N Secretary-General on Innovative Finance and Sustainable Investments and the former Executive Managing Director and CIO of GPIF (Government Pension Investment Fund of Japan with AUM $1.5 trillion). Prior to joining GPIF, Mr. Mizuno was a partner at Coller Capital, a London-based private equity firm (January 2003 – January 2015). |
| Lucy Mulenkei is Co-chair, Indigenous Women Biodiversity Network, Member of the International Forum on Biodiversity and International Forum of Indigenous Women, and UN Decade Action Plan Challenge lead on Indigenous Peoples and local communities. A Masai woman from Kenya, Lucy Mulenkei began her activism as a journalist on issues related to the environment and development. She is the Executive Director of the Indigenous Information Network (IIN) and co-founder of the Indigenous Women and Biodiversity Network (IWBN) and the African Indigenous Women’s Organization (AIWO). She is the co-chair of the International Indigenous Forum on Biodiversity (IIFB). She is recognized for her work in the advancement of the rights of indigenous women – in Kenya, Africa, and worldwide. |
| Paul Polman is a Business Leader, campaigner, co-author of “Net Positive: how courageous companies thrive by giving more than they take”, a Financial Times Business Book of the Year. #3 Thinkers50. Paul Polman works to accelerate action by business to tackle climate change and inequality. As CEO of Unilever (2009-2019), he demonstrated that business can profit through purpose, delivering shareholder returns of 290% while the company consistently ranked 1st in the world for sustainability. Today he works across a range of organisations to deliver the UN Sustainable Development Goals, which he helped develop. |
| Curtis Ravenel is a Senior Advisor to the co-chairs and Vice Chair of the Glasgow Financial Alliance for Net Zero (GFANZ) and a founding member of the Secretariat for the Financial Stability Board’s Task Force on Climate-related Financial Disclosures (TCFD). He founded the Sustainable Business & Finance Group at Bloomberg LP and served as its Global Head from 2007-2019. |
| Rhian-Mari Thomas is Chief Executive of the Green Finance Institute, an independent organisation at the forefront of shaping how finance can be used to facilitate real economy transition. Rhian spent 20 years in investment banking and corporate finance and was the first person to be awarded an OBE for services to green banking. She is an emeritus member of TCFD, co-chaired the launch of the TNFD and has served as a senior adviser to the TNFD since its inception in June 2021. |
| Simon Zadek is the Co-CEO at Nature Finance and has worked on sustainability and finance for several decades including leading the G20 secretariat serving its green finance workstream and running a task force on digital finance and the SDGs for the UN Secretary General. In addition, he has written and published extensively, including the award-winning book, ‘The Civil Corporation’. Simon has been a senior adviser to TNFD, supporting various aspects of its technical development, since its inception in June 2021. |
| ABOUT THE TASKFORCE ON NATURE-RELATED FINANCIAL DISCLOSURES (TNFD) |
| The Taskforce on Nature-related Financial Disclosures (TNFD) is a market-led, science-based and government-backed initiative providing organisations with the tools to act on evolving nature-related issues. It was launched in June 2021 with the support of the G20 Sustainable Finance Working Group and financial support from a number of governments and philanthropic foundations. |
| The TNFD has 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, risks and opportunities. |
| The recommendations and guidance will enable businesses and finance to integrate nature into decision making. Our aim is to support a shift in global financial flows away from nature-negative outcomes and toward nature-positive outcomes, aligned with the Global Biodiversity Framework. |
| After two years of design and development in partnership with 20 knowledge partners and the benefit of extensive consultation with market participants and other stakeholders, the TNFD launched its final Recommendations on September 18th, 2023. With the recommendations released, the Taskforce is now focusing its efforts on encouraging and supporting voluntary market adoption and supporting efforts to address the knowledge, capacity building and data needs of market participants. |
| The Taskforce is comprised of 40 senior executives drawn from leading financial institutions, corporates and market service providers, with combined assets of over US$20 trillion. Twenty core knowledge partners from leading science, standards, and data bodies feed into the work of the Taskforce. A group of over 1,400 organisations support the work of the Taskforce as institutional members of the TNFD Forum. Over 360 organisations globally have now committed to start reporting on their nature-related issues aligned to the recommendations of the TNFD. |
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