Getting Started with the TNFD Framework

Nature is central to everything we produce, consume, and depend on—supporting ecosystems, biodiversity, climate regulation, and human health and well-being. Its degradation poses a critical risk to both human society and the global economy. The TNFD recommendations provide a framework for businesses to identify, manage, and report on their nature-related dependencies and impacts.

This guide, presented by the UN Global Compact Network Canada in partnership with WSP, will help you navigate the complexities of nature-related reporting—taking the first step toward effective sustainability practices.

Watch our feature video exploring the TNFD Framework

In this video, we unveil the TNFD Essentials: A Beginner’s Guide to Nature-Related Financial Disclosures, created in collaboration with the UN Global Compact Network Canada and developed with input from dozens of Canadian companies across various industries.

This video is blocked due to your cookie settings.

To watch it, enable functional and targeting cookies.

Build Your Biodiversity Action Plan

Transitioning to new reporting standards can be difficult but the TNFD Essentials: A Beginner’s Guide to Nature-Related Financial Disclosures is designed to help you begin. No matter how far along you are in your TNFD reporting journey, the Guide simplifies complex concepts into practical steps.


Each section of the Guide comes with a checklist of considerations, helpful tips, and actionable tasks.

✓

Identify your objectives, understand your most crucial intersections with nature, and decide where to start with the sections on Corporate Aspirations, Laying the Groundwork, and Materiality 101.

 

✓

Grasp how nature-related dependencies affect your business and establish your first area of focus with sections on Prioritization, and Risks and Opportunities.

 

✓

Choose measurement metrics, introduce goals, and acquire the tools and language to obtain executive buy-in with sections on Quantification, Target-Setting, and Making the Business Case.

 

 

Learn the Strategic Benefits of Adopting TNFD Recommendations

Adopting TNFD reporting recommendations doesn’t merely impose new responsibilities, it also opens the door for exciting new opportunities. Nature-conscious businesses are strategically positioned to identify and capitalize on new innovations and solutions. They are also able to: 

 

Anticipate compliance

Regulatory requirements are imminent: following TFND recommendations means your company will be ahead of the competition.

 

Appeal to investors

Healthy biodiversity leads to long-term success, and investors are attracted to businesses that manage their risks effectively. 

 

Build brand reputation

Adopting TNFD recommendations proves that a company is nature-positive, which enhances brand image with consumers and other stakeholders.

 

Manage risk and seize opportunities

Setting and measuring metrics gives businesses the flexibility and resilience to avoid and mitigate environmental risks while capitalizing on potential opportunities.

 
TNFD Essentials: A Beginner’s Guide to Nature-Related Financial Disclosures Download the
Guide from unglobalcompact.ca

Frequently Asked Questions

What is TNFD reporting?

TNFD reporting is a framework of disclosure recommendations designed to inspire organizations to assess, report, and act on their nature-related dependencies, impacts, risks and opportunities.

Why is the TNFD important?

The TNFD is important because nature matters. The entire global economy depends on the health of our biodiverse ecosystems, and reporting on nature issues is the first step to shifting to nature-positive business outcomes.

Is the TNFD mandatory?

TNFD is currently voluntary. However, more than 400 organizations worldwide have already adopted the recommendations. While TNFD itself is not mandatory, mandatory reporting frameworks like the CSRD in Europe are substantially aligned with the TNFD. Adopting TNFD now will prepare your organization to be ahead of the curve as these regulations evolve.

What are the 4 pillars of TNFD?

The foundational pillars of the TNFD recommendations are Governance, Strategy, Risk & Impact Management, and Metrics & Targets. Together, they’re designed to help businesses meet the targets set out in the Global Biodiversity Framework.

What is the difference between TCFD and TNFD?

The Taskforce on Climate-related Financial Disclosures (TCFD) established recommendations for reporting climate-related risks and opportunities. The TNFD learned from the TCFD’s findings to enact their own nature-related recommendations.

 

Meet Our Contributors

TNFD Essentials: A Beginner’s Guide to Nature-Related Financial Disclosures

Get Started

A Beginner’s Guide to Nature-Related Financial Disclosures will help you navigate the complexities of nature-related reporting.

Download the Guide from unglobalcompact.ca