Home » Resource Database Report ‘It’s Now for Nature’ – Sector-based nature strategiesRead the report (‘It’s Now for Nature’ – Sector-based nature strategies)(This link will take you to an external website) About this Report Business for Nature | May 2024 Business for Nature publish the first set of Nature Strategies as part of it’s ‘Now for Nature’ campaign. “Although momentum on nature is growing with global initiatives such as the TNFD and SBTN picking up pace across the corporate world, more must be done to make the crucial shift from adoption to implementation of the Biodiversity Plan (also known as the Global Biodiversity Framework). By developing a strategy for nature that considers multiple impacts and dependencies across freshwater, land, air, ocean and biodiversity, businesses can reduce their negative impacts and boost business resilience. The plans can also bring new commercial opportunities, create long-term value and strengthen climate and sustainability goals.” They go on to highlight the core elements that make up a nature strategy: A materiality assessment to identify material impacts, dependencies, risks and opportunities. SMART targets aligned with material impacts, dependencies, risks and opportunities. Actions to achieve SMART targets and in particular to avoid and reduce negative impacts on nature; based on material impacts, dependencies, risks and opportunities. C-suite or board approval of the strategy and responsibility for its delivery. In May 2025, Business for Nature reviewed, approved and published the first five Nature Strategies form businesses in: Cement and Concrete Energy and Utilities Fashion & Apparel Health Care and Pharmaceuticals Household and personal care products Paper and Forest Products Read and download via their website Read the report (‘It’s Now for Nature’ – Sector-based nature strategies)(This link will take you to an external website) Related resources PG&E Liabilities for California Wildfires Led to Bankruptcy BloombergNEF | 2024Location: United States of AmericaCase Study The case study discusses PG&E's legal and financial risks associated with wildfires caused by poorly maintained energy infrastructure. It also examines the broader implications of nature-related risks for utility companies in the western USA. WBCSD TNFD pilot use case: Iberdrola WBCSD | 2023Location: Brazil, Global, Mexico, Spain, United Kingdom +1 moreLEAP Use Case The case study outlines the process that Iberdrola, a renewable energy company with assets in 12 countries, undertook to apply the Locate and Evaluate phases of LEAP and match them with their own nature and biodiversity assessment methodology. The outputs from these phases informed Iberdrola’s... Nature in Net-zero Transition Plans – Workstream consultation paper Glasgow Financial Alliance for Net Zero (GFANZ) have published a consultation paper that further describes the role that nature plays in net-zero implementation through net-zero transition plans that they released in 2022. This consultation paper was developed with support from the Nature in... Related publications Getting started with adoption of the TNFD Recommendations Guidance on the identification and assessment of nature-related issues: the LEAP approach Draft sector guidance – Water utilities and services Related webinars TNFD 101: Assessing nature-related issues – Introduction to the TNFD LEAP Approach August 19, 2024 (Updated: August 19, 2024) This webinar provided guidance on the integrated approach that TNFD has developed for the identification and assessment of nature-related issues, called the LEAP approach. This approach aims to help organisations conduct the... Understanding nature transition plans November 28, 2024 (Updated: November 28, 2024) The mission of the Kunming-Montreal Global Biodiversity Framework (GBF) is to ‘halt and reverse biodiversity loss’ by 2030, with a 2050 vision of ‘a world living in harmony with nature Delivering the transition...