Over 320 companies already embrace the TNFD framework

Companies rely entirely on nature. Not only when it comes to ethical and responsible behaviour (Corporate Social Responsibility), but also to strategic management. To help companies to incorporate nature into their business considerations and therefor also counteract biodiversity loss, the Task Force on Nature-related Financial Disclosures (TNFD) developed an international framework for companies and financial institutions. Since its introduction in January 2024, this framework has been adopted by over 320 companies internationally. BNP Paribas supports the TNFD and was involved in the development of the framework.

The prosperity and durability of our societies and the global economy, including all businesses and financial markets, heavily depend on a thriving and resilient natural environment. A lifeless planet means no prosperity, no profits, no companies and no pensions. According to the international Stockholm Resilience Centre, which promotes interdisciplinary research on the governance of socio-ecological systems, six of the nine planetary boundaries have already been exceeded per 2023. This makes it even clearer that nature risks, in addition to climate change, are just as much financial risks. ‘Business as usual’ is no longer an option. Implementing measures that ensure nature can recover and regain its resilience should be a priority for policy and regulation worldwide.

One international framework

When wanting to include nature into business considerations, you quickly get bogged down into different directions. Therefore, the TNFD was created. The task force consists of a group of 40 senior executives from financial institutions, companies, and service providers, representing eighteen different countries on five different continents. They represent industries that impact and depend on nature the most, including the “blue economy” (such as shipping), the agricultural, food, and mining industries, construction, and infrastructure. They developed an analytical framework, allowing companies to identify, analyse, and manage their risks with a single approach, and communicate in one language about their opportunities, impact and dependency on nature. This resulted in fourteen concrete recommendations, key indicators, and guidelines, divided into four pillars: governance, strategy, risk & impact management, and metrics & targets, which have been published on the TNFD website.

320 users

Over 1,900 companies were involved in developing the framework, and more than 200 companies tested the beta version. In January 2024, the TNFD recommendations were finalised. Since then over 320 companies have announced to implement the framework in their 2024 or 2025 financial reporting. These include nine companies based in the Netherlands, among which the world’s largest “pure play” coffee and tea company JDE Peets (owner of Douwe Egberts), global infrastructure operator Ferrovial, and the well-known Inter IKEA Group.

As one of the initiators and founders of the TNFD, BNP Paribas has been involved in developing the framework since 2020. The bank uses TNFD guidelines for its internal analysis of nature-related risks and opportunities and is part of the task force.