PINAKI MAJUMDAR
Jamshedpur, Sept 30: Executive director of Tata Steel Koushik Chatterjee, along with other senior executives from across financial institutions, other corporates and market service providers representing major global markets have joined the Taskforce on Nature-related Financial Disclosures (TNFD) as its Members.
The 30 taskforce members of TNFD have been selected for their sector and geographical coverage and their individual subject-matter expertise across nature and finance that can support TNFD’s mission.
The members represent sectors with the largest impact and dependencies on nature, such as agribusiness, the blue economy, food & beverage, mining, construction, infrastructure and others, and are globally representative coming from 14 countries across five continents.
Officially launched in June 2021, TNFD aims to provide a framework for organisations to report and act on evolving nature-related risks, in order to support a shift in global financial flows away from nature-negative outcomes and toward nature-positive outcomes.
T V Narendran, CEO and managing director, Tata Steel, said: “Tata Steel has a long history of leadership in sustainability practices, including measurement and awareness of our consumption of natural capital. Given our large operations, we understand the need to preserve bio-diversity around our several manufacturing and mining sites. I fully support Tata Steel and Koushik’s association with TNFD, which will drive more effective and practical measurement, mitigation and solutions for nature-related risks – something that is essential for the sustainability of our planet, our economies and our businesses.”
