TNFD Releases Updated Guidance as Adoption Reaches 836 Organisations and Surpasses $26 Trillion in AUM

The Taskforce on Nature-related Financial Disclosures has updated its core recommendations and LEAP assessment approach for the first time since 2023, as adoption of TNFD-aligned reporting continues to expand. A total of 836 organisations across 57 countries or areas have now committed to TNFD-aligned reporting, including financial institutions representing more than $26 trillion in assets under management. With its technical guidance development programme now complete, TNFD says its next phase will focus increasingly on market capacity building and supporting nature-related standard-setting.

TNFD adoption has continued to expand ahead of CBD COP17. Assets under management represented by financial institution adopters are up 19% year-on-year, while publicly listed adopters now represent more than $10.5 trillion in market capitalisation, up 12% since COP30. TNFD has also identified more than 1,100 organisations already making at least one nature-related disclosure aligned with its recommendations, with organisations reporting an average of eight of the framework’s 14 recommended disclosures.

 

LEAP 2.0 Expands Nature Risk and Opportunity Assessment

 

TNFD has released LEAP 2.0, the first major update to its Locate, Evaluate, Assess and Prepare approach since September 2023. The revised framework adds guidance covering state-of-nature measurement across land, freshwater and oceans, invasive alien species, nature-related risk assessment, opportunity identification, environmental crime and the integration of nature into transition planning.

The update also strengthens guidance for financial institution portfolios, multi-stakeholder landscape and seascape approaches, and interoperability with Science Based Targets for Nature. TNFD says the revised approach reflects extensive market testing, including 300 pilot tests, 15 working groups, 15 sector groups and thousands of contributions from companies, financial institutions and other market participants.

 

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Nature Metrics and Environmental Crime Enter the Core Recommendations

 

TNFD’s recommendations have also been updated with new guidance on environmental crime across governance, strategy, risk management, and metrics and targets. The framework now includes final disclosure indicators and metrics covering invasive alien species and the state of nature.

These additions complete what TNFD describes as its metrics architecture for information that can be compared across and within sectors and potentially subjected to third-party assurance. The Taskforce says its technical guidance development programme for assessment and disclosure is now complete, with no further updates currently planned.

 

Standard-Setting Support Becomes a Core Priority

 

TNFD will now shift more of its attention from developing technical guidance to building market capacity and supporting nature-related standard-setting. Its priorities include continued technical support for the International Sustainability Standards Board, alignment with the Global Reporting Initiative, and work with the International Organization for Standardization to develop the LEAP approach into an international standard.

ISO approved the TNFD-initiated proposal in September 2026, and a joint working group involving committees on biodiversity, environmental management and sustainable finance has begun developing the standard. TNFD expects to support that process over the next 18 to 24 months, while also continuing to contribute to the ISSB’s work on its forthcoming nature-related disclosure exposure draft.

 

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Capacity Building Will Take Centre Stage Through 2028

 

Market capacity building will become another central part of TNFD’s activities during 2027 and 2028. Its Learning Lab, launched in February 2025, has attracted more than 7,100 users globally, with 84% of registered users returning to the platform. TNFD and its partners have also trained more than 345 training providers and market enablers across 43 countries or areas.

The Taskforce is also supporting AI-enabled LEAP assessment solutions for SMEs with UNDP and Conservation X Labs, alongside efforts to improve the wider nature data ecosystem. These initiatives are intended to make TNFD implementation more accessible as adoption spreads beyond large multinational companies and financial institutions.

 

TNFD Is Moving From Framework Development to Market Infrastructure

 

The latest figures show TNFD moving beyond its early framework-development phase. The combination of 836 committed adopters, more than $26 trillion in represented financial assets and more than 1,100 organisations already making TNFD-aligned disclosures suggests nature-related reporting is becoming more established in corporate and investment practice.

"The market has moved quickly in recent years, with thousands of organisations now working to understand and respond to their nature-related issues," said Tony Goldner, CEO of TNFD. "As implementation accelerates, it is essential that assessment, target-setting and reporting approaches work together in a practical and mutually reinforcing way."

The next phase will depend less on producing new guidance and more on whether companies and financial institutions can apply the existing framework consistently. TNFD’s growing focus on training, interoperable standards, SME tools and nature data suggests that implementation capacity is becoming the central challenge as nature-related disclosure moves further into mainstream reporting.

 

Source: TNFD