Framework guide · TNFD
TNFD: nature-related financial disclosures
The Taskforce on Nature-related Financial Disclosures published its final recommendations in September 2023. They help organisations report and act on nature-related dependencies, impacts, risks and opportunities.
Structure
The TNFD recommendations follow the four-pillar structure familiar from climate reporting (TCFD) and the ISSB standards: Governance, Strategy, Risk and impact management, and Metrics and targets. TNFD adds nature-specific elements, notably a focus on location and on impacts as well as risks.
The 14 recommended disclosures
| Pillar | Disclosures |
|---|---|
| Governance (3) | A. Board oversight · B. Management’s role · C. Human rights policies and engagement with Indigenous Peoples, Local Communities, affected and other stakeholders |
| Strategy (4) | A. Dependencies, impacts, risks and opportunities over the short, medium and long term · B. Effects on business model, value chain, strategy and financial planning, and transition plans · C. Resilience of strategy under different scenarios · D. Locations meeting the criteria for priority locations |
| Risk & impact management (4) | A(i). Processes to identify, assess and prioritise in direct operations · A(ii). In upstream and downstream value chains · B. Processes to manage · C. Integration into overall risk management |
| Metrics & targets (3) | A. Metrics for material risks and opportunities · B. Metrics for dependencies and impacts on nature · C. Targets and goals, and performance against them |
Key concepts
Dependencies & impacts
How a business relies on nature (e.g. water, pollination) and how it changes nature.
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Priority locations
Places where the organisation has material dependencies or impacts, or which are ecologically sensitive.
LEAP
TNFD’s guidance for an integrated assessment: Locate, Evaluate, Assess, Prepare.
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A note on accuracy
This page is a plain-language summary for orientation, not legal or audit advice. Standards and their application dates change; always check the official texts and current regulatory status.
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