TNFD Recommendations for Risk Managers
What does TNFD Recommendations require of a Risk Manager?
Recommendations of the Taskforce on Nature-related Financial Disclosures (TNFD) v1.0, published September 2023. Under TNFD Recommendations, which defines 54 controls, a Risk Manager's work is deciding which controls you own outright, which you share and which belong to another team, then holding the evidence for the first group.
Which TNFD Recommendations controls land on the Risk Manager
Risk Managers identify, assess, and prioritise organisational risks. They build risk registers, conduct risk assessments, define risk appetite, and ensure that compliance frameworks address the most material threats to the organisation.
TNFD Recommendations defines 54 controls across 7 domains that directly affect the Risk Manager role. Understanding which controls fall within your ownership, which are shared, and which are owned by other teams is the foundation of effective compliance management.
What a Risk Manager is accountable for under TNFD Recommendations
Conducting enterprise risk assessments and maintaining the risk register
Defining risk appetite and tolerance levels with executive leadership
Mapping compliance controls to identified risks for coverage analysis
Monitoring key risk indicators (KRIs) and escalating emerging threats
Integrating compliance, operational, and strategic risk management
Where Risk Managers lose time on TNFD Recommendations
These are the most common obstacles Risk Managers face when managing TNFD Recommendations compliance, and how to address them:
Challenge 1
Quantifying cyber risk in financial terms that resonate with executives
Challenge 2
Identifying gaps between compliance control coverage and actual risk exposure
Challenge 3
Integrating risk data from siloed tools and departments
Challenge 4
Keeping risk assessments current as the threat landscape evolves
Challenge 5
Prioritising remediation when resources are limited
A working order for a Risk Manager starting on TNFD Recommendations
1. Readiness Assessment
Take a 5-minute readiness assessment to identify your organisation's current gap profile against TNFD Recommendations. Get a prioritised action plan tailored to your specific situation.
2. Cross-Framework Mapping
Use our platform to map TNFD Recommendations controls against other frameworks you already comply with. Identify overlapping controls to reduce duplicate effort.
3. Build Your Toolkit
Equip yourself with TNFD Recommendations toolkits, self-assessments, and implementation guides from our store. Resources designed specifically for Risk Managers managing compliance programmes.
4. Continuous Monitoring
Establish ongoing compliance monitoring using our platform's gap analysis tools. Track your maturity over time and demonstrate progress to stakeholders.
TNFD Recommendations in your sector
Who else owns part of TNFD Recommendations
Questions Risk Managers ask about TNFD Recommendations
What does a Risk Manager need to know about TNFD Recommendations?
How does TNFD Recommendations affect the Risk Manager role?
What are the biggest TNFD Recommendations challenges for Risk Managers?
How should a Risk Manager prepare for a TNFD Recommendations audit?
What tools help Risk Managers manage TNFD Recommendations compliance?
Risk Manager: How ready is your organisation for TNFD Recommendations?
Answer 25 questions and get a professional readiness report with gap analysis, maturity scores, and prioritised action items. Results in 5 minutes.