A recent study has found that only 13% of 700 large listed companies in the Asia-Pacific region disclose their alignment with the Taskforce on Nature-related Financial Disclosures (TNFD), a global framework addressing issues like deforestation and water pollution.
The study, conducted by Kering and the Centre for Governance and Sustainability at the National University of Singapore, analysed annual and sustainability reports from top companies across 14 markets, including Australia, China, India, Japan, and Singapore.
The study shows that Australia had the highest adoption rate at 42% follows by Japan at 32% and Taiwan ad 24%. Singapore recorded only 14% while China and Vietnam showed no adoption.
While 68% of companies aligned with the Task Force on Climate-Related Financial Disclosures (TCFD), only 31% prioritised nature-related issues as mid-to-high priority, compared to 82% for climate issues.
The study also showed that just 34% of companies assessed committed to goals such as avoiding deforestation, achieving net positive biodiversity impacts and using certified raw materials.
However, 74% of firms highlighted at least one nature-related opportunity, particularly in ecosystem restoration and regeneration.
