Nature

Guidances and recommendations on Nature-related disclosures

Understanding guidances and recommendations on nature-related disclosures. Find the latest overview and industry-specific guidances on nature-related disclosures.

about nature-related financial disclosures

Nature encompasses the living and operating environment for all of our activities. Living among nature, with its plants and species, currents, and climates, is a necessity for our existence. Nature-based disclosures invite companies to think about the effect of their activities on nature across its four realms (land, ocean, freshwater, and atmosphere) with societal implications. To begin to understand the various dependencies and impacts, along with the risks and opportunities relevant to businesses in their interaction with nature, a reflective understanding of the meaning of nature along with its various regenerative and provisioning roles in relation to business activities is needed.

In September 2023, after two years of extensive consultations, the Taskforce for Nature-related Financial Disclosures (TNFD) launched its recommendations for financial disclosures incorporating nature. This is a landmark document that sets out the foundational elements of nature and its relationship to business. At the time of the launch of its recommendation, TNFD also released its LEAP framework, a comprehensive analytical framework to support companies in conducting nature-related assessments and identifying risks and potential opportunities in business activities relevant to financial disclosure.

Articles

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Supplementary guidances on nature-related financial disclosures based on biomes
Biomes are the types of ecosystems belonging to one of the four realms (land, freshwater, ocean, and atmosphere) around the planet. Biomes provide ecosystem services to species and inhabitants. To supplement the assessment using the LEAP approach, these additional guidances based on biomes are provided as there may be some specific circumstances particularly relevant for certain biomes.
June 7, 2024
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The LEAP framework for nature-related financial disclosures
What is the LEAP framework that accompanies the TNFD disclosure recommendations? It stands for “Locate, Evaluate, Assess, Prepare”, and it is a four-step integrated assessment framework for nature-related issues released by the Taskforce on Nature-related Financial Disclosures.
November 16, 2023
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Nature-related financial disclosures: how do TNFD recommendations affect sustainability disclosures?
During Climate Week 2023, The Taskforce for Nature-related Financial Disclosures (TNFD) released its inaugural Recommendations on Nature-related Disclosures. Building on the work of the Taskforce for Climate-related Disclosures (TCFD), TNFD sought to accelerate the integration of nature-related topics in financial disclosures in a similar structure to TCFD.
October 13, 2023

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