TNFD issues new sector guidance

  • Date Posted

PRESS RELEASE | ENGLISH

London, UK, 23 January 2025: The Taskforce on Nature-related Financial Disclosures today released a second tranche of sector guidance to support the assessment, management and disclosure of nature-related issues by companies globally.

Following the release of draft guidance in June 2024 and extensive feedback and consultation with market participants since then, final sector guidance has been released for:

This brings the total number of sectors for which the TNFD provides guidance to 13.

The Taskforce has also released today draft guidance for consultation covering an additional three sectors:  

These will be open for market feedback and consultation until 4 April 2025 via the TNFD website. Based on feedback received, the Taskforce plans to issue final sector guidance for fishing, marine transportation & cruise lines and water utilities & services in June 2025.

The total number of sectors for which the TNFD provides final and draft guidance now covers 50% of the SICS® industries.

The TNFD’s sector guidance complements its core recommendations and LEAP assessment approach, published in September 2023. The sector guidance provides sector-specific considerations when following the TNFD’s LEAP approach for assessment of nature-related issues and recommended sector-specific disclosure metrics for companies reporting in line with the TNFD’s recommendations.

Over 500 organisations from more than 50 jurisdictions are now using the TNFD recommendations as part of their annual sustainability reporting activities.

ABOUT THE TASKFORCE ON NATURE-RELATED FINANCIAL DISCLOSURES (TNFD)   

The Taskforce on Nature-related Financial Disclosures (TNFD) is a market-led, science-based taskforce of business and finance leaders providing companies and financial institutions with recommendations and guidance about how to incorporate nature beyond climate into their decision making. 

The TNFD recommendations build on the approach and recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD), are consistent with market disclosure standards developed by the International Sustainability Standards Board (ISSB) and Global Reporting Initiative (GRI) and play an important role in enabling private sector contributions to the goals and targets of the Kunming-Montreal Global Biodiversity Framework. 

Through better informed decision making around governance, strategy, risk management and capital allocation, the TNFD contributes to the global goal of shifting the flow of capital away from nature-negative outcomes and towards nature-positive outcomes for the planet and society. 

Since its launch in 2021 with the support of the G20 economies, the TNFD has built a global movement of action among market participants. Over 1,600 organisations support the work of the TNFD, including over 500 organisations representing over USD 17 trillion in assets under management (AUM) now committed to reporting their nature-related issues aligned with the TNFD recommendations published in September 2023. 

MEDIA CONTACTS 

Rita Lockheart, Communications Lead, [email protected] 

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