SUSTAINABILITY REPORTING
The Taskforce on Nature-related Financial Disclosures framework extends the climate risk disclosure methodology to biodiversity, ecosystem services, and nature dependencies — applying the same governance, strategy, risk management, and metrics structure that TCFD established for climate to the broader category of nature-related risks and opportunities. For organizations in agriculture, food and beverage, extractives, real estate, financial services, and manufacturing, nature-related risks are increasingly material — and investors, lenders, and regulators are beginning to require that they be disclosed in the same structured, verifiable way as climate risks.
Semtrio guides organizations through TNFD adoption: from the LEAP assessment that identifies material nature-related dependencies and impacts, through to disclosure design aligned with the TNFD framework's recommended disclosures. As a TNFD Forum Member, we bring methodological depth from the standard-setting level to every engagement.
The TNFD framework is currently voluntary. However, institutional investors with over $20 trillion in assets under management have publicly committed to requesting TNFD-aligned disclosures from investee companies. For organizations in sectors with material nature dependencies — agriculture, food and beverage, mining, forestry, and real estate — TNFD disclosure is already an investor expectation for a significant portion of their shareholder base.
Organizations subject to CSRD are required to disclose against ESRS E4 — Biodiversity and Ecosystems — which covers material nature-related impacts, risks, and opportunities. The TNFD framework and ESRS E4 are methodologically aligned. For organizations in CSRD scope, TNFD preparation and ESRS E4 reporting are, in practice, the same work — and Semtrio designs them as one integrated engagement.
TNFD's core assessment methodology — Locate, Evaluate, Assess, Prepare — guides organizations through identifying where nature-related dependencies and impacts occur across the value chain, evaluating their potential financial materiality, assessing the risks and opportunities they create, and preparing the disclosure. The LEAP approach is specific, structured, and requires both ecological data and financial analysis — making it materially different from climate-focused assessments most organizations have already conducted.
TNFD was designed to build on the foundations of TCFD — the same four pillars of governance, strategy, risk management, and metrics and targets. The assessment logic is structurally the same; the subject matter is broader. This means organizations that have already completed TCFD or IFRS S2 climate disclosure have a significant head start on TNFD — the governance structures, risk management processes, and scenario analysis frameworks are transferable. What TNFD adds is the LEAP assessment, nature-specific data (using databases such as IBAT, Global Biodiversity Score, and ENCORE), and disclosure of nature-related dependencies and impacts alongside climate.
Semtrio's TNFD advisory is designed to integrate with, not sit alongside, existing climate and sustainability disclosure workstreams. We design the LEAP assessment to draw on existing GHG inventory data, double materiality outputs, and supply chain datasets — eliminating duplication and producing a nature-related disclosure that strengthens the overall sustainability reporting system rather than adding to it.
OUR PROCESS
A structured TNFD disclosure — from LEAP assessment to investor-grade nature-related reporting.
For organizations subject to CSRD, nature-related topics assessed through TNFD's LEAP methodology directly feed ESRS E4 biodiversity disclosures — running both as an integrated engagement eliminates duplication and produces a stronger double materiality matrix.
Learn moreTNFD assessment requires understanding of Scope 3 value chain emissions — nature-climate interactions are at the core of the TNFD framework, and organizations without a verified GHG inventory cannot complete a credible LEAP assessment of climate-nature dependencies.
Learn moreGRI 304 (Biodiversity) is the most widely used voluntary standard for nature-related reporting — for organizations producing GRI-aligned sustainability reports, Semtrio designs TNFD and GRI biodiversity disclosures from a shared data architecture.
Learn moreNature-related risks frequently originate in the supply chain — deforestation, water extraction, and land conversion by suppliers are among the most material nature-related exposures for food, agriculture, and manufacturing organizations. Supply chain due diligence data directly supports the LEAP assessment.
Learn moreWe are a TNFD Forum Member — operating at the standard-setting level of nature-related financial disclosure.
TNFD Forum membership is the most direct signal of methodological authority in nature-related financial disclosure. Forum members work at the standard-setting interface — with early access to TNFD guidance, implementation tools, and the technical documentation that shapes how the framework is applied in practice. Semtrio joined the TNFD Forum before most advisory firms had published their first TNFD thought piece. That institutional commitment reflects where nature-related disclosure is going, not just where it is today.
The TNFD methodology builds on TCFD foundations — the same governance structures, the same four-pillar disclosure model, the same scenario-based thinking. Semtrio's experience authoring TCFD climate transition reports and delivering IFRS S2 climate risk disclosures means the methodological distance from climate to nature is shorter for us than for firms starting from sustainability reporting generalism. We apply the same analytical rigour — scenario analysis, financial materiality quantification, governance documentation — to nature as we apply to climate.
For organizations subject to CSRD, our TNFD advisory is designed to feed ESRS E4 simultaneously — one LEAP assessment, two compliant outputs. For organizations approaching TNFD voluntarily in response to investor pressure, we design the disclosure to meet the expectations of the institutional investors who have committed to requesting it.
Assess your nature-related disclosure readiness with our teamOperating at the standard-setting and implementation interface for nature-related financial disclosure
The same scenario analysis, governance, and financial risk framework — applied to nature
LEAP assessment designed to serve both frameworks from a single engagement — no duplication
Whether you're scoping a single service engagement, evaluating end-to-end advisory across multiple clusters, or looking for one accountable partner across strategy and disclosure — start here.
Yaren Ünal
Senior Specialist,Client Solutions
Hamza Söylemez
Specialist,Client Solutions
Frequently asked questions about TNFD
Whether you are approaching TNFD for the first time in response to investor pressure, or preparing ESRS E4 disclosure as part of your CSRD obligations — we will assess your sector exposure, conduct the LEAP assessment, and produce the disclosure your stakeholders require.
