Biodiversity Finance Initiative – (BIOFIN II)

January-March | 2026
Global

Protection of Biodiversity

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BIOFIN India convened a two-day TNFD training programme in partnership with the Indian Institute of Corporate Affairs, equipping participants from energy, manufacturing, IT, agribusiness, and sustainability sectors with tools to integrate nature-related risks and opportunities into business strategy, risk management, and reporting.

Project Updates

From Risk to Resilience: BIOFIN India Strengthens Corporate Readiness for Nature-Related Disclosures through TNFD Training Programme 

The UNDP Biodiversity Finance Initiative (BIOFIN) supports the implementation of India’s National Biodiversity Strategy and Action Plan (NBSAP), with particular focus on Target 15. This target calls upon large transnational companies and financial institutions to regularly monitor, assess, disclose, and manage their biodiversity-related risks, dependencies, and impacts. To advance this objective, BIOFIN is strengthening corporate capacities in nature-related risk disclosure through global frameworks such as Taskforce on Nature-related Financial Disclosures (TNFD). 

Biodiversity loss and ecosystem degradation globally are increasingly translating to financial business risks. In India, these risks are particularly acute. The country harbors nearly 8% of global biodiversity yet remains highly vulnerable to nature-related shocks, with extreme weather events in 2023 alone resulting in economic losses exceeding USD 10 billion across key sectors such as agriculture, infrastructure, manufacturing, and energy. With these ecological challenges, regulatory mandates are also strengthening through Securities and Exchange Board of India’s (SEBI) Business Responsibility and Sustainability Reporting (BRSR) mandate and the Reserve Bank of India’s (RBI) guidance on climate-related risks and sustainable finance. 

Consequently, Indian corporates face growing exposure to nature-related risks across their value chains including water stress, land degradation, biodiversity loss, and supplier disruptions along with increasing regulatory pressures. This underscores the urgent need for businesses to build internal capacity and skills to understand how nature-related risks and dependencies intersect with core business strategy, financial performance, and long-term resilience. 

To strengthen capacity of Indian corporates, BIOFIN convened a two-day training on “Enabling and Scaling Nature-related Financial Disclosures in India”, in partnership with the Indian Institute of Corporate Affairs and with technical support from Momentum India. The programme focused on enhancing corporate readiness for the adoption of TNFD a global framework supporting transparent, decision-useful nature-related reporting through the practical application of the LEAP approach: Locate, Evaluate, Assess, Prepare. 

Participants from energy, manufacturing, IT, agribusiness, and sustainability sectors engaged through hands-on sessions and real-world case studies. A field visit to Aravali Biodiversity Park provided practical insights into ecological restoration and urban biodiversity management, demonstrating tangible nature-positive outcomes for businesses. 

The training successfully equipped participants with the foundational knowledge and practical tools required to integrate nature-related risks and opportunities into business strategy, risk management, and reporting effectively bridging a key capacity gap for Indian corporates.