Oct 14, 2026 · 8 min · 7 segments
Three bodies that shape how companies measure nature — the Taskforce on Nature-related Financial Disclosures (TNFD), the Science Based Targets Network (SBTN) and the Nature Positive Initiative…
On Tuesday, the 13th of October, the three bodies that shape how companies measure nature put out aligned guidance in a single release.
The Task Force on Nature-Related Financial Disclosures, known as TNFD, issued version two of its LEAP assessment approach, the first upgrade since 2023.
The Science-Based Targets Network issued version 2 of its Targets for Nature, and the Nature Positive Initiative published four core state-of-nature indicators, ecosystem extent, ecosystem condition, species extinction risk, and species populations.
The compression is the story.
According to the joint release, the Nature Positive Initiative reviewed more than 600 existing metrics and cut them to four.
The work took two years and more than 500 experts, and was piloted by 29 companies in six sectors, across 23 countries.
Why does a universal owner care? Because a fund that owns a slice of nearly every listed company cannot sell its way out of ecosystem decline.
The loss shows up across the whole book.
Lower yields, broken supply chains, insurance losses.
Until now the obstacle has been measurement.
Four shared indicators give stewardship teams one common question to put to every investee, and a basis for comparing the answers.
Now the other side, and it is a fair one.
The indicators are voluntary.
The pilot covered 29 companies, not thousands.
Site-level data is still expensive and patchy, and the U.S. policy climate is hostile to new disclosure.
A cleaner framework does not, by itself, produce better data.
The test is whether the ISSB and national regulators adopt these indicators and whether companies report against them in 2027.
The practical step.
Ask which of the four indicators your companies in food, materials, extractives and utilities can report now and map the gaps before the COP17 Biodiversity Summit in Yerevan later this month.
On Tuesday, the 13th of October, the three bodies that shape how companies measure nature put out aligned guidance in a single release.
The Task Force on Nature-Related Financial Disclosures, known as TNFD, issued version two of its LEAP assessment approach, the first upgrade since 2023.
The Science-Based Targets Network issued version 2 of its Targets for Nature, and the Nature Positive Initiative published four core state-of-nature indicators, ecosystem extent, ecosystem condition, species extinction risk, and species populations.
The compression is the story.
According to the joint release, the Nature Positive Initiative reviewed more than 600 existing metrics and cut them to four.
The work took two years and more than 500 experts, and was piloted by 29 companies in six sectors, across 23 countries.
Why does a universal owner care? Because a fund that owns a slice of nearly every listed company cannot sell its way out of ecosystem decline.
The loss shows up across the whole book.
Lower yields, broken supply chains, insurance losses.
Until now the obstacle has been measurement.
Four shared indicators give stewardship teams one common question to put to every investee, and a basis for comparing the answers.
Now the other side, and it is a fair one.
The indicators are voluntary.
The pilot covered 29 companies, not thousands.
Site-level data is still expensive and patchy, and the U.S. policy climate is hostile to new disclosure.
A cleaner framework does not, by itself, produce better data.
The test is whether the ISSB and national regulators adopt these indicators and whether companies report against them in 2027.
The practical step.
Ask which of the four indicators your companies in food, materials, extractives and utilities can report now and map the gaps before the COP17 Biodiversity Summit in Yerevan later this month.
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