Taskforce on Nature-related Financial Disclosures (TNFD) Recommendations

Publication date: 2026-10-02

Original source: TNFD official recommendations

About TNFD

The Taskforce on Nature-related Financial Disclosures (TNFD) is an international initiative that developed a framework for organizations and financial institutions to identify, assess, manage and disclose nature-related dependencies, impacts, risks and opportunities. Its framework is designed to align with TCFD and the ISSB IFRS standards and to support international goals under the Kunming–Montreal Global Biodiversity Framework.

The four disclosure pillars

1. Governance

Describe the organization's governance of nature-related dependencies, impacts, risks and opportunities. Explain the Board's oversight and management's responsibilities for assessing and managing these matters. Also disclose relevant human-rights policies, engagement processes and oversight arrangements for Indigenous Peoples, local communities and affected stakeholders.

2. Strategy

For material information, explain how nature-related matters affect the organization's business model, strategy and financial planning. Identify dependencies, impacts, risks and opportunities over the short, medium and long term; assess implications for the business model, value chain and financial or transition plans; use scenario analysis to test strategic resilience; and identify priority operating assets and locations, including own operations and upstream and downstream value chains.

3. Risk and impact management

Explain the processes used to identify, assess, prioritize and monitor nature-related dependencies, impacts, risks and opportunities across own operations and upstream and downstream value chains. Describe monitoring and show how nature-related risk management is integrated into the organization's overall risk-management system.

4. Metrics and targets

Disclose the metrics and targets used to assess and manage material nature-related matters. These include metrics for risks and opportunities linked to strategy and risk processes, measures of dependencies and impacts on nature, and targets and performance used to manage nature-related issues.

Six general requirements

These requirements apply across the four pillars. Organizations applying the TNFD recommendations should address them, building on the ISSB IFRS S1 baseline:

1. How materiality is applied.
2. The scope of disclosure.
3. The location-specific nature of nature-related matters.
4. Integration with other sustainability disclosures.
5. The time horizons considered: short, medium and long term.
6. Engagement with Indigenous Peoples, local communities and affected stakeholders.

Seven TNFD design principles

1. Market usability: Provide practical value to companies, financial institutions and policymakers.
2. Science-based: Ground the framework in scientific evidence and align it with relevant scientific initiatives.
3. Nature-related financial risk focus: Consider direct financial risks as well as risks arising from organizational dependencies and impacts on nature.
4. Purpose-driven: Support lower nature-related risk and nature-positive action at an appropriate level of detail.
5. Integrated and adaptable: Work with existing disclosure standards and adapt as policy and market practice evolve.
6. Climate–nature linkage: Integrate climate and nature risks and support finance for nature-based solutions.
7. Globally inclusive: Apply to organizations in developed and emerging markets.

TNFD metrics

• Core metrics: Global core metrics apply across sectors; sector core metrics address specific industries. Disclosure follows a “comply or explain” approach.
• Additional metrics: Organizations may select these to supplement their assessment and disclosure where useful.
• Sector guidance: Industry-specific guidance is available for aquaculture, biotechnology and pharmaceuticals, electric utilities, food and agriculture, metals and mining, oil and gas, chemicals, and forestry and paper, among other sectors.

Supporting resources

TNFD provides introductory guidance, supplemental guidance, tools and capacity-building materials to help organizations adopt the framework in stages. Select resources according to the organization's sector, size, location and nature-related profile, and check the official site for the latest versions.

The LEAP assessment process

1. Locate: Identify the organization's interfaces with nature and the locations involved.
2. Evaluate: Assess dependencies and impacts on nature.
3. Assess: Identify and evaluate nature-related risks and opportunities.
4. Prepare: Develop responses and prepare reporting and disclosures.

Further reading

Back to sustainability regulatory guidance

Explore the sustainability knowledge column