The IFRS Foundation and the Taskforce on Nature-related Financial Disclosures (TNFD) have formalized a collaboration to enhance nature-related financial disclosures in capital markets. This partnership aims to integrate TNFD’s recommendations into the work of the IFRS’s International Sustainability Standards Board (ISSB), facilitating better reporting on nature-related risks and opportunities.

TNFD, established in 2021, released its final recommendations in September 2023, focusing on 14 key disclosures to guide organizations in assessing and reporting their nature-related dependencies and impacts. Over 1,700 organizations have joined the TNFD Forum, with more than 520 companies and financial institutions committing to adopt these reporting practices.

The ISSB, launched in November 2021, has already introduced general sustainability (IFRS S1) and climate (IFRS S2) reporting standards. As part of its 2024–2026 work plan, the ISSB is exploring sustainability topics beyond climate, including biodiversity, ecosystems, and ecosystem services (BEES). The collaboration with TNFD will involve sharing research and technical expertise to inform the ISSB’s BEES initiative and enhance industry-focused standards, while reducing fragmentation in sustainability disclosures.