London, 27 June 2025: UNDP’s Sustainable Insurance Forum (SIF), the Taskforce on Nature-related Financial Disclosures (TNFD), and KPMG have launched a new global programme ‘NATURE-INSURE’. This capacity building initiative is intended to equip insurance supervisors with the tools and knowledge so they can contribute to efforts to address nature-related financial risks. Biodiversity loss and ecosystem degradation are rapidly emerging as material concerns for financial systems. NATURE-INSURE aims to enhance supervisory capabilities, promote nature-conscious oversight, and create greater awareness of global biodiversity and sustainability goals.

The NATURE-INSURE programme equips insurance supervisors to better understand and manage nature-related risks. The series explores how nature loss impacts insurance markets, introduces practical tools such as the TNFD’s LEAP approach, and highlights how supervisors and insurers are applying nature tools, data and metrics in real-world settings. Topics include global disclosure frameworks and emerging supervisory practices from around the world.

Marcos Neto, UN Assistant Secretary-General and Director of UNDP’s Bureau for Policy and Programme Support, said: “The NATURE-INSURE programme couldn’t be more timely. The financial sector, and especially insurance, must be equipped to recognise and act on the material risks and opportunities tied to nature. Through this initiative, we’re empowering supervisors to guide the sector toward long-term sustainability, in alignment with the Global Biodiversity Framework and the SDGs.”

Daniel Wang, SIF Chair and Executive Director for Insurance at the Monetary Authority of Singapore, added: “NATURE-INSURE reflects SIF’s commitment to advancing supervisory readiness in the face of complex environmental challenges. This programme will foster shared learning, create greater awareness about international biodiversity and sustainability goals, and support the management of nature-related risks in insurance supervision.”

Candice Dott, Director of Market Engagement at TNFD, noted: “Embedding nature in financial decision-making starts with awareness and capacity building. NATURE-INSURE will help supervisors navigate the evolving reporting landscape, apply TNFD’s LEAP approach, and drive impact across the insurance value chain.”

Sarah Nelson, Global Lead Director, Nature and Biodiversity, KPMG International, commented: “As biodiversity loss accelerates, insurance supervisors face more complex risks and new opportunities. By furthering their understanding of nature-related risks, NATURE-INSURE aims to support more resilient insurance systems and nature-positive investment strategies.”

Ayesha Babar
Head of Strategic Coordination and Communications
UNDP Sustainable Finance Hub
ayesha.babar@undp.org

About the UNDP Sustainable Insurance Forum (SIF)

Established by the UN with the support of the International Association of Insurance Supervisors (IAIS) in December 2016, UNDP’s Sustainable Insurance Forum (SIF) is a global network of 40 insurance supervisors and regulators, overseeing 92 percent of the global insurance market. This collaborative network aims to address sustainability and climate change issues impacting insurance companies and markets, and policy holders in their jurisdictions. The SIF Secretariat is hosted by the UNDP while SIF’s work is supported by the Irish Government.

Learn more at sustainableinsuranceforum.org or follow at LinkedIn: UNDP Sustainable Insurance Forum
 

About the Taskforce on Nature-related Financial Disclosures (TNFD)

The Taskforce on Nature-related Financial Disclosures (TNFD) is comprised of 40 business and finance leaders from around the world and was launched in 2021 with the support of the G20. TNFD provides recommendations and guidance for market participants and other stakeholders about how nature beyond climate should be assessed, managed and reported. It has built a global movement of support and action, including over 500 organisations and over USD 17 trillion in assets under management (AUM) now committed to reporting their nature-related issues aligned with the TNFD recommendations published in September 2023. The TNFD recommendations build on the previous approach and recommendation of the Task Force on Climate-related Financial Disclosures (TCFD) and are aligned with the impact standards of the GRI, the European Union’s Corporate Sustainability Reporting Directive (CSRD) and the sustainability reporting standards of the International Sustainability Standards Board (ISSB).
 

About KPMG International

KPMG is a global organization of independent professional services firms providing Audit, Tax and Advisory services. KPMG is the brand under which the member firms of KPMG International Limited (“KPMG International”) operate and provide professional services. “KPMG” is used to refer to individual member firms within the KPMG organization or to one or more member firms collectively.

KPMG firms operate in 143 countries and territories with more than 273,000 partners and employees working in member firms around the world. Each KPMG firm is a legally distinct and separate entity and describes itself as such. Each KPMG member firm is responsible for its own obligations and liabilities. KPMG International Limited is a private English company limited by guarantee. KPMG International Limited and its related entities do not provide services to clients.

For more detail about our structure, please visit www.kpmg.com/governance