TNFD, nature-related financial disclosures
The voluntary framework that converges with ESRS E4

The TNFD (Taskforce on Nature-related Financial Disclosures) is to nature what the TCFD was to climate: a finance-led voluntary framework designed to give investors a comparable reading of nature-related risks, dependencies and impacts. The 14 recommendations published in September 2023 structure reporting around four pillars (governance, strategy, risk & impact management, metrics & targets) and the LEAP approach (Locate, Evaluate, Assess, Prepare). The framework converges with CSRD ESRS E4, a company that has equipped its ESRS E4 with BPS can serve TNFD with the same body of data.

Scope a TNFD assignment See ESRS E4 biodiversity

The LEAP approach

Four steps to a nature-related disclosure.

L

Locate

The interface with nature, sites, value chain, sensitive ecosystems.

E

Evaluate

Dependencies and impacts on ecosystem services.

A

Assess

The material nature-related risks and opportunities.

P

Prepare

To respond and report, aligned with the four TNFD pillars.

FAQ

Frequently asked questions

TNFD is a voluntary international framework. But it converges strongly with the mandatory CSRD ESRS E4, so the data prepared for one largely serves the other, and investors increasingly expect TNFD-aligned nature disclosures.
Both cover impacts and dependencies on nature. A company that has built its ESRS E4 evidence base (e.g. via BPS) can reuse it for TNFD reporting under the LEAP approach, one dataset, two frameworks.
By producing the measurable biodiversity data (via the BPS, operated independently by IRICE under ISO/IEC 17065) and structuring the LEAP steps, so the nature-related disclosure rests on defensible, verifiable evidence.

Scope a TNFD assignment

Measurable nature data via the BPS and a structured LEAP approach, reusing your ESRS E4 evidence base.

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