Global Biodiversity Loss and National Security

Lord Roborough Excerpts

Monday 23rd February 2026 Lords Chamber

[Baroness Hayman of Ullock (Lab)]

At least the noble Baroness thinks I sound good. The revised environmental improvement plan is designed to deliver everything the noble Baroness talked about. We are working very hard in Defra to ensure that it does.

[Lord Roborough (Con)]

My Lords, the Taskforce on Nature-related Financial Disclosures aims to bring nature into the core of business and financial decision-making, recognising that the health of our natural environment is crucial to the long-term health of our economy. What are His Majesty’s Government doing to accelerate adoption of TNFD reporting to incentivise better performance and thus encourage businesses to channel investment into nature recovery?

[Baroness Hayman of Ullock (Lab)]

I thank the noble Lord for mentioning the TNFD, because it is very important. We are continuing to fund the Green Finance Institute to progress market capacity building and uptake through the TNFD UK consultation group. That is evolving to include a pilot programme on integrated nature transition plans. Fifteen businesses are currently already signed up to that. We are also in the process of onshoring the International Sustainability Standards Board’s general sustainability and climate disclosure standards in the UK. That will draw on the work of the TNFD. We are looking at its imminent work on nature standard-setting. Once that direction of travel is clear, it can inform our future paths on policy and regulation.