Nature transition plans

Overview

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 implied by the GBF will require significant changes to business practices across all sectors.

Transition planning offers a way to manage an organisation’s responses and contributions to this transition in a coherent, structured way.

Disclosure of material elements of the nature of transition plans can equip investors with the information they need to finance the transition.

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Building on current market practice

In developing this draft guidance, we have built on current market practice for climate transition planning.

In particular, the draft guidance has built on the work of GFANZ and the TPT to support an integrated approach to transition planning and transition plan disclosure. It has also built on the work of others on managing nature-related issues.

We view these initiatives as complementary to our own work on transition plans. We will continue to work closely with them and others, in our consultation on the draft guidance and development of final guidance on nature transition plans in 2025, following a potential period of pilot testing with market participants.

 

  • Feedback and pilot testing

    The deadline for submitting feedback has passed. Thank you to all the organisations that submitted a feedback survey or comment letter.

    We have also closed applications for the piloting program. We appreciate all the organisations that took the time to complete the application form. We have now progressed to the next phase of the program.

    Express interest
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What is a nature transition plan?

A nature transition plan is an aspect of an organisation’s overall business strategy that lays out the organisation’s goals, targets, actions, accountability mechanisms and intended resources to respond and contribute to the transition implied by the Global Biodiversity Framework where biodiversity loss is halted and reversed by 2030 to put nature on a path to recovery by 2050.

Actions in such plans should prioritise real economy changes and may include: avoiding and reducing negative impacts; protecting, conserving, regenerating and restoring nature; transforming underlying systems to address the drivers of nature loss; and collaborating and engaging with Indigenous Peoples, Local Communities and stakeholders.

The TNFD proposes that a comprehensive nature transition plan should cover the same themes as the climate transition plans as recommended by GFANZ.

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Approach to nature transition planning

The draft guidance assumes that an organization has already completed a LEAP assessment or a similar process to identify nature-related dependencies, impacts, risks, and opportunities throughout its business model and value chain. This assessment should also consider the physical locations of these issues, where applicable.

Consistent with the TNFD general requirements for disclosures, a nature transition plan does not immediately have to cover all locations and all dependencies, impacts, risks and opportunities.

An organisation may start its transition plan with an initial set of priorities and expand the coverage and accuracy over time.

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The three guiding principles of Ambition, Action and Accountability identified by the TPT should underpin an organisation’s nature transition plan. The plan should have:
  1. A level of ambition that reflects the urgency to act; a holistic, strategic and rounded approach to the transition that meets this ambition could capture opportunities, minimise future risks and protect and enhance the organisation’s long- term viability;
  2. Concrete, short-term steps for action, creating a clear roadmap of planned actions to deliver the plan’s aims; and
  3. Accountability mechanisms that enable delivery through robust governance and reporting.

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Content of a nature transition plan

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Disclosure of a nature transition plan

Investors and other report users are interested in the content of an organisation’s nature transition plan to understand the organisation’s approach to responding and contributing to the GBF, managing the nature-related dependencies, impacts, risks and opportunities identified in the organisation’s TNFD-aligned disclosures and the associated implications for the business model.

The structure of these proposed disclosures for transition plans follows the same structure as those for climate transition plans from the TPT, which builds on the GFANZ five transition planning themes. Under these five themes, the TNFD has copied across 16 of the 19 TPT recommended disclosures. Three climate-specific disclosures have been replaced with four nature-specific disclosures covering:

  • the transition the organisation is responding and contributing to the transition plan priorities;
  • engagement across landscapes, river basins or seascapes;
  • dependency and impact metrics.

Related publications

Further resources