Nature-Related Financial Disclosures (TNFD)
Global alignment with the Task Force on Nature-Related Financial Disclosures (TNFD).
Nature‑related disclosures ensure that organisations provide clear and decision‑useful information on their nature-related dependencies, impacts, risks and opportunities across the entire value chain.
Inspired offers a comprehensive service aligned with the Taskforce on Nature‑related Financial Disclosures (TNFD), supporting all nature‑related reporting needs.
This includes preparing nature-related reporting gap analysis, compliant disclosures for annual reports for organisations in scope, producing standalone TNFD reports, developing indices to help stakeholders and rating agencies to navigate the disclosures and biodiversity site surveys with ease.
Inspired’s approach
As global expectations around nature‑related reporting continue to evolve, organisations may soon be required to disclose how nature‑related assumptions influence their financial statements, including the ways in which dependencies and impacts on nature affect key accounting estimates.
Preparing for potential TNFD‑aligned disclosure now positions companies ahead of regulatory change and demonstrates proactive management of nature‑related risks and opportunities. Inspired’s approach aims to build robust nature‑related knowledge from a data‑driven perspective, assessing corporate operations against the TNFD disclosure recommendations and guidance.
Our TNFD disclosure service combines a series of integrated workstreams, each delivering defined outputs that strengthen internal capability, enhance understanding of nature‑related risks and opportunities, and streamline the organisation’s overall reporting process:
- Nature-related governance.
- Nature scenario modelling and risk management framework.
- Nature-based dependency, impact, risk and opportunity workshop.
- Biodiversity site assessments.
- TNFD gap analysis.
Working in partnership with our clients, Inspired helps organisations to develop the necessary processes to address climate-related issues in their operations and make effective disclosures.
Key deliverables
Inspired’s Nature-related services typically take up to nine months from kick-off to delivery.
The early stages of the project focus on data collection, capability building, and nature‑related risk analysis, while the later phases centre on preparing internal reports and drafting disclosures in line with the organisation’s annual reporting cycle.
TNFD Gap Analysis
Biodiversity Assessment (desktop)
Biodiversity Survey
Annual Report disclosure
Talk to an expert
Daniel Williams
ESG Manager
“Inspired offers a comprehensive service aligned with the Taskforce on Nature‑related Financial Disclosures (TNFD), supporting all nature‑related reporting needs.
Working in partnership with our clients, Inspired helps organisations to develop the necessary processes to address climate-related issues in their operations and make effective disclosures.”
Related ESG services
Streamlined Energy and Carbon Reporting (SECR) – Scope 1 and 2 emissions
Scope 1 and 2 emissions are recommended to be included under the TCFD’s ‘Metrics and Targets’ section. As part of Inspired’s Climate-Related Financial Disclosure offering, a Scope 1 and 2 emissions inventory is calculated.
Policy Procurement Note 06/21 (Carbon Reduction Plan)
A PPN06/21 Carbon Reduction Plan requires businesses to disclose baseline and recent GHG emissions – including five Scope 3 categories – targets and decarbonisation actions. The five categories required to be disclosed will be calculated, if applicable, as part of Inspired’s Scope 3 emissions inventory service.
Science-Based Target initiative validation support
The Science-Based Target initiative (SBTi) is the internationally recognised body for validating emission reduction targets. Companies going through the SBTi validation process need to provide a full Scope 3 inventory, calculated as per the GHG Protocol guidelines.
Scope 3 emissions inventory
Scope 3 emissions are recommended to be included under emissions environmental reporting to help stakeholders understand a company’s value chain emissions and what steps are they taking to reduce their impact.
Greenhouse gas emissions verification – ISO 14064
The ISO 14064 standard is a process to verify a company’s greenhouse gas emissions footprint and covers operational as well as value chain emissions. Inspired’s ESG Quality Assurance team can verify the Scope 3 inventory to provide additional assurance of the calculations and output.
Net-Zero Strategy
Net-zero should be achieved by reducing Scope 1, 2, and 3 emissions as far as possible; a Net-Zero Strategy plans for how these reductions will be achieved. During the validation process, the SBTi requests details about how a business plans to reduce its GHG emissions and achieve any submitted targets. Inspired’s Net-Zero Strategy service produces a decarbonisation action plan that is specifically mapped to near-term and net-zero targets.
Quick links
At Inspired, we’ve been putting a lot of effort into helping businesses to understand ESG and its associated benefits. But, our support doesn’t end there.
Science-Based Target initiative validation support
Greenhouse gas emissions verification – ISO 14064
Get in touch
Inspired offers a comprehensive service aligned with the Taskforce on Nature‑related Financial Disclosures (TNFD), supporting all nature‑related reporting needs. Get in touch to find out more.