Smurfit Kappa to Integrate TNFD Recommendations

SEATTLE (Scrap Monster): Smurfit Kappa Group announced its decision to adopt recommendations of the Taskforce on Nature-related Financial Disclosures (TNFD, which provides a set of disclosure recommendations and guidance for organisations to report and act on evolving nature-related dependencies, impacts, risks and opportunities.

The company was announced as one of the early adopters of the TNFD during the recently held World Economic Forum in Davos.

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The Group will incorporate TNFD-aligned disclosures along with its financial results next year. It must be noted that the company currently communicates nature-related reporting through its Sustainable Development Report. The report usually include nature-related targets along with the time frame within which the company aims to achieve them.

The TNFD builds on the guidelines proposed by the Task Force on Climate-related Financial Disclosures (TCFD), which primarily focuses on aspects of climate change. It encourages decision makers to incorporate nature-related risks and opportunities into their strategic planning process.

Tony Smurfit, Group CEO at Smurfit Kappa noted that the company is delighted to announce that it has become an early adopter of the TNFD. It is in line with the company’s commitment to support a greener and bluer planet, he added.