The Taskforce on Nature-related Financial Disclosures (TNFD) has announced plans to conclude its technical work program, including the development of nature-based reporting guidance, following the International Sustainability Standards Board’s (ISSB) decision to begin setting global standards for nature-related disclosures.
Established in 2021 to help organizations report on nature-related risks and opportunities, TNFD released its final recommendations in September 2023—comprising 14 key disclosures to guide better business and investment decisions on nature and biodiversity. Over 730 companies and financial institutions, representing more than $9 trillion in market capitalization and $22 trillion in assets, have committed to adopt its framework.
The ISSB’s upcoming standards will build on the TNFD framework, leveraging its recommendations, metrics, and the LEAP (Locate, Evaluate, Assess, Prepare) approach. While the ISSB has not finalized its method—whether through a new standard, updated guidance, or amendments to existing ones—it aims to create a unified global framework for nature-related reporting.
In response, TNFD said it “welcomes the ISSB’s decision” and will pause any new technical guidance after completing current work, expected by Q3 2026, to align its efforts with the ISSB’s program. TNFD’s technical activities are set to conclude by 2027, in line with the outcome of the ISSB’s standard-setting process.
This move mirrors the IFRS Foundation’s earlier transition of the Task Force on Climate-related Financial Disclosures (TCFD) responsibilities to the ISSB in 2023.
