More than 700 companies adopting TNFD recommendations
for nature disclosure
The Taskforce on Nature-related Financial Disclosures (TNFD) has confirmed that more than 700 organisations are voluntarily adopting its recommendations, as the International Sustainability Standards Board (ISSB) moves ahead with a standard-setting process that utilises the Taskforce’s guidance.
Following findings from its biodiversity, ecosystems, and ecosystem services (BEES) research into nature-related risks and opportunities, the ISSB said it will introduce new or modified requirements to meet common investor information needs following a signed agreement between the TNFD and International Financial Reporting Standards (IFRS) Foundation to help envelop nature disclosures into the work of the ISSB.
The ISSB intends to have an exposure draft of the new requirements ready by the CBD COP17 in October 2026. Following the ISSB announcement, the TNFD stated it will complete all technical work in progress, including the development of additional sector guidance, by Q3 2026. All further technical guidance will be paused, with the organisation instead focusing on supporting the ISSB’s work programme. The TNFD would then conclude its technical work programme subject to the outcome of the ISSB’s standard-setting process, likely in 2027.
The TNFD also welcomed ISSB confirmation that the TNFD framework builds on the IFRS S1 standard, which covers nature-related issues, which subsequently aids market participants in disclosing in accordance with IFRS S1.
The ISSB’s chair Emmanuel Faber stated: “The ISSB recognises that there is a clear investor need for information about nature-related risks and opportunities. Drawing on the TNFD framework enables us to meet this need efficiently, reducing fragmentation and building on leading practice.
“We welcome TNFD’s decision to complete the technical work it currently has in progress and then to pause and provide its support as we advance the global baseline where it relates to nature through the ISSB. I encourage market participants to continue using the TNFD framework. This will help them prepare disclosures in accordance with IFRS S1 and prepare for meeting future incremental ISSB disclosure requirements.”
TNFD adoption
This announcement comes as the TNFD announced that voluntary market adoption of its recommendations now sits at 733 organisations, over $9tn in market capitalisation among listed companies and more than $22tn in assets under management.
Surpassing the 700 organisation threshold represents a 46% increase in market commitments to TNFD-aligned reporting since COP16 in November 2024. The businesses are drawn from 56 countries or areas. This is also over a hundred additional organisations since September 2025, in which only 620 organisations were set to align their reporting with the TNFD.
The TNFD noted that 179 financial institutions are underway with TNFD-aligned reporting, representing around $22.4tn in assets under management, a 27% increase from COP16. New adopters include Pharmaceutical giant Sanofi, consumer goods companies Burberry Group PLC and Cascades and auto parts producer Pirelli.
TNFD’s co-chair David Craig, said: “This week’s announcement by the ISSB is an important step towards nature being considered and embedded in an integrated way into the global foundations of corporate reporting.
“It will help shift the mindset across business about nature as a source of risk, resilience and value, and help inform better strategy, risk management and capital allocation decision making across economies. That is important for the resilience of the planet and the resilience of businesses and capital portfolios everywhere.”
Take your nature strategy to the next level at edie 26
Professionals responsible for their organisation’s nature strategy and programmes are encouraged to attend edie’s biggest event of the year for unparalleled networking and workshopping opportunities.
Taking place 25-26 March 2026 at the Business Design Centre in central London, edie 26 will bring together 1,000+ sustainable business leaders for two days of collaboration and co-creation.
We will be hosting a dedicated Circularity & Supply Chains Stage, with speakers including:
Woodland Trust CEO Darren Moorcroft
Olam Food Ingredients’ global head of sustainability impact, Dr Christopher Stewart
Aviva’s nature lead, Thomas Viegas