Landsbankinn is one of 100 financial undertakings to become an inaugural early adopter of recommendations from the Taskforce on Nature-related Financial Disclosures (TNFD). The companies will include nature-related financial information in their corporate reporting based on TNFD’s recommendations.
In recent years, climate issues have been the focus of sustainability work in the financial sector. Nature and biodiversity are now entering the spotlight and not a minute to soon - these issues are closely related and must be considered holistically. The recommendations from TNFD are intended to enable companies to contribute to the goals of the Convention on Biological Diversity concluded at the COP15 conference.
Lilja Björk Einarsdóttir, CEO of Landsbankinn: “At Landsbankinn, we are focused on knowing the impact of our operation and the risks we face. By collating, analysing and disclosing nature-related financial information based on the TNFD recommendations, we will over time be able to map the Bank’s risks from changes to the natural environment. This information will be useful for funding purposes, as investors increasingly consider nature-related risk in connection with financial undertakings.”
The full list of inaugural TNFD adopters was published yesterday, 16 January 2024, in connection with the World Economic Forum in Davos. All in all, 320 companies are early adopters and of that number, 100 are financial undertakings. Landsbankinn will publish nature-related financial information as of 2026.