The Taskforce on Nature-related Financial Disclosures (TNFD) has published its inaugural 2025 Status Report during Climate Week NYC, marking two years since the release of its recommendations in September 2023.
The report reveals significant early adoption across global markets. Some 620 organisations spanning over 50 countries, representing USD 20 trillion in assets under management, have pledged to align with TNFD’s framework. More than 500 nature-related disclosures have already been published, while a majority of surveyed businesses acknowledge the importance of nature-related issues. According to the findings, 63% of companies and financial institutions view nature-related risks as being on par with—or more critical than—climate risks to their long-term prospects.
Encouragingly, 78% of companies that have already disclosed under TNFD guidance have integrated climate and nature reporting, signalling a shift towards a more holistic approach. Meanwhile, 77% of investors surveyed by Responsible Investor expressed support for specific nature-related standards that build on TNFD’s work.
Despite this momentum, the report underscores challenges that remain in embedding nature considerations into corporate decision-making and disclosure practices. TNFD acknowledges that assessing nature-related risks is still perceived as complex but argues that existing metrics and internal expertise can provide a strong foundation for progress.
The report draws upon 850 survey responses from corporates, financial institutions and service providers, and was developed with the support of partners including Bloomberg, CDP, Net Purpose, Neural Alpha, the MSCI Sustainability Institute and Oliver Wyman.
Speaking ahead of the launch event at Bloomberg’s headquarters, TNFD Co-Chair Razan Al Mubarak described the report as “a welcome moment of hope,” noting that businesses are increasingly recognising that their resilience depends upon that of the natural world.
Other leaders echoed this sentiment. David Atkin, CEO of PRI, said the findings highlight “growing recognition of nature and biodiversity as critical issues, both for investors and the global business community,” while Mindy Lubber, CEO and President of Ceres, noted that private sector momentum is now clearly visible. CDP chief executive Sherry Madera stressed that “business resilience depends on nature resilience – the two are inseparable.”
TNFD Co-Chair David Craig added that, while reporting is expanding rapidly, investors are still calling for greater transparency.
