Discussion paper on nature transition plans

The mission of the Kunming-Montreal Global Biodiversity Framework (GBF) is to halt and reverse biodiversity loss by 2030, towards a 2050 vision of a world living in harmony with nature. Delivering the transition implied by this international agreement requires significant changes to business practices across all sectors. As such, a nature transition plan – as defined in the discussion paper – lays out an organisation’s goals, targets, actions, accountability mechanisms and intended resources to respond and contribute to the transition implied by the GBF.

This document is a discussion paper that sets out draft guidance on nature transition planning for corporates and financial institutions developing and disclosing a transition plan.

The guidance covers all aspects of nature apart from climate change and greenhouse gas emissions as drivers of nature loss, and natural carbon stocks. Transition planning for these topics is covered in guidance from organisations such as GFANZ. The TNFD has collaborated with related initiatives and knowledge partners in preparing this paper, including GFANZ, the Transition Plan Taskforce, SBTN, Business for Nature and WWF.

Key focus areas

• A definition of a nature transition plan
• An overview of related initiatives
• Guidance on what a nature transition plan should include
• Guidance on how a plan should be presented and disclosed
• Areas of further work needed to support development and assessment of nature transition plans

Key outcomes

• Inform the development of TNFD guidance on the content and disclosure of nature transition plans
• Stimulate further work and collaboration to support nature transition plans including on transition pathways and transition finance categories
• Encourage organisations to pilot test the TNFD draft guidance