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全球超過一半的GDP嚴重依賴大大自然及其提供的服務。然而，生物多樣性喪失和生態系統退化正為企業帶來日益增長的風險——從供應鏈中斷到資源短缺。投資者和監管機構正日益關注這個問題。在全球範圍內（包括香港和亞洲），我們看到企業對大自然相關問題揭露的需求正在迅速增長。為此，諸如大自然相關財務資訊揭露工作小組（TNFD）和科學碳目標網路（SBTN）等新框架應運而生，旨在幫助企業將大自然因素納入其ESG風險管理和可持續發展目標。以下將介紹TNFD和SBTN的定義、重要性以及企業如何在這場以大自然為中心的可持續發展浪潮中搶佔先機。

 

什麼是TNFD？它為何如此重要？

 

將大自然因素納入風險管理和報告。大自然相關財務資訊揭露工作小組（TNFD）是一項於2021年啟動的全球性市場主導型倡議，旨在為大自然相關議題制定風險管理和資訊揭露框架。 TNFD框架以氣候相關財務資訊揭露工作小組（TCFD）為藍本，鼓勵企業評估並報告其對大自然的依賴和影響，以及相關的風險和機遇，涵蓋公司治理、策略、風險管理和指標/目標等各個方面。具體而言，這意味著企業需要評估生物多樣性喪失、生態系統退化和資源匱乏等因素可能對其營運和財務表現產生的影響，並以結構化的方式揭露這些評估結果。其目標不僅在於更好地進行風險管理，還在於引導資金流向遠離對大自然造成負面影響的領域。至關重要的是，投資人正在密切關注：最近的一項調查發現，63%的企業認為大自然相關問題對其未來前景的影響與氣候問題同等重要甚至更為重要，超過四分之三的投資者希望在TNFD的基礎上製定更清晰的大自然相關資訊揭露標準。簡而言之，TNFD 透過將大自然因素納入核心業務和財務決策，幫助滿足投資者日益增長的期望。

 

什麼是 SBTN？它為何如此重要？

 

為大自然設定科學目標。科學目標網路 (SBTN) 是一個全球合作組織，於 2019 年啟動（隸屬於全球公域聯盟），旨在將基於科學的氣候目標的成功經驗推廣到大自然領域。 SBTN 為企業（以及城市）提供指導，幫助其在大自然的關鍵領域設定基於科學的目標，包括淡水利用、土地利用、生物多樣性和海洋健康。本質上，它提供了一個框架，用於評估組織對大自然的影響和依賴性，並製定可衡量、有時限的目標，以減少負面影響並根據科學的必要性恢復生態系統。透過與 SBTN 合作設定目標，企業可以使其策略與昆明-蒙特婁全球生物多樣性框架等全球目標保持一致，並確保其行動可量化且可信。這不僅有助於保護對企業至關重要的大自然資源，還能向利害關係人和投資者表明，公司正在積極主動地管理與大自然相關的風險和機會。 SBTN 的方法與資訊揭露架構相輔相成－例如，SBTN 目標的進展可以納入符合 GRI、CDP 或 TNFD 標準的報告中。這方面的動能也正在增強：截至 2024 年初，全球已有約 160 家公司準備透過 SBTN 的計畫設定基於科學的大自然目標，隨著人們對水資源短缺、森林砍伐和生物多樣性喪失的擔憂日益加劇，預計這一數字還將繼續增長。

 

勢頭：投資者和監管機構關注大自然

 

與大自然相關的資訊揭露和目標設定不再是小眾話題——它們正迅速成為 ESG 的主流。一些關鍵的勢頭跡象包括：

 

• 全球採用率不斷上升：自 TNFD 框架推出以來短短兩年內，來自 50 多個國家/地區的 620 多家機構（資產總額達 20 兆美元）已公開承諾開始採用符合 TNFD 標準的報告。早期採用者包括亞洲乃至全球的金融機構和企業，這顯示各方對管理大自然風險有廣泛的關注。

 

• 標準趨於一致：主要的可持續發展報告標準正在納入大自然因素。 TNFD 的建議與 GRI 標準、歐盟企業可持續發展報告指令 (CSRD) 以及新的 ISSB 可持續發展揭露標準等框架一致，並已納入其中。換句話說，無論您是在香港還是其他地區發布報告，大自然指標和揭露資訊都越來越受到重視。

 

• 投資者期望不斷提高：投資者認識到「企業韌性取決於大自然韌性」。在2025年的一項調查中，77%的投資者表示，他們希望基於TNFD框架建立特定的大自然相關報告標準。大型投資者聯盟（例如擁有160多家金融機構的「生物多樣性融資承諾」）已經成立，旨在推動生物多樣性保護。訊息很明確——資本開始流向對大自然有利的公司，而那些在大自然問題上落後的公司則面臨失去投資者信心的風險。

 

總之，積極應對大自然影響和依賴的公司更有能力滿足新興法規和投資者需求。透過使用TNFD和SBTN等框架，企業可以保持領先地位，在以大自然為中心的ESG時代建立韌性和信任。

 

香港德國萊茵TÜV如何提供協助

 

採用TNFD和SBTN可能看起來很複雜，但您不必獨自應對。香港德國萊茵TÜV致力於支持企業與這些框架接軌，並提供以下服務：

 

• 基線評估與差距分析：我們幫助您梳理與大自然相關的風險、依賴關係和影響，並識別關鍵問題（例如生物多樣性熱點地區、供應鏈中的水資源壓力），以此作為行動的基礎。

 

• 資料收集與指標：我們的專家協助您收集和分析關於大自然資本的正確資料（從生態系統影響到資源利用），並選擇合適的指標。這確保您擁有可靠且對決策有用的信息，用於TNFD揭露和SBTN目標設定。

 

• 目標設定與策略整合：我們引導您將基於科學的大自然目標轉化為具體的企業目標。無論是為關鍵流域設定節水目標，還是在採購中做出零毀林承諾，我們都能確保這些目標既具有挑戰性又切實可行，並融入您的業務策略。

 

• 資訊揭露與報告支援：從制定符合TNFD標準的揭露報告，到將大自然因素融入您的可持續發展報告，我們致力於幫助您打造清晰的敘事和策略，使其符合全球標準，並引起投資者和利害關係人的共鳴。

 

準備好擁抱大自然議程了嗎？ ——行動號召

 

大自然是可持續發展領域的下一個重大前沿。具有前瞻性的企業已經開始行動，以應對未來與大自然相關的風險，並抓住新的機會（例如生物多樣性保護、再生農業和綠色金融）。不要落後。聯絡香港德國萊茵TÜV的ESG諮詢團隊，了解我們如何幫助您應對TNFD和SBTN，強化您的ESG策略，並成為新型大自然友善經濟的領導者。讓我們攜手合作，建構企業韌性，共創地球可持續的未來。

Embracing TNFD & SBTN: Nature – The Next Frontier in ESG Strategy

Nature is the Next ESG Imperative

Over half of the world’s GDP heavily relies on nature and the services it provides. Yet biodiversity loss and ecosystem degradation pose growing risks to businesses – from disrupted supply chains to resource scarcity. Investors and regulators are increasingly paying attention. Around the world (including Hong Kong and Asia), we see a rapidly rising demand for corporate disclosure on nature-related issues. In response, new frameworks like the Taskforce on Nature-related Financial Disclosures (TNFD) and the Science Based Targets Network (SBTN) have emerged to help companies integrate nature into their ESG risk management and sustainability goals. Below, we introduce what TNFD and SBTN are, why they matter, and how companies can get ahead of this nature-focused sustainability wave.

What is TNFD and Why It Matters?

Integrating nature into risk management and reporting. The Taskforce on Nature-related Financial Disclosures (TNFD) is a global, market-led initiative launched in 2021 to develop a risk management and disclosure framework for nature-related issues. Modelled after the climate-focused TCFD, the TNFD framework encourages organizations to assess and report on their dependencies and impacts on nature – as well as the related risks and opportunities – across governance, strategy, risk management, and metrics/targets. In practice, this means companies are urged to evaluate how factors like biodiversity loss, ecosystem degradation, and resource scarcity could affect their operations and financial performance, and to disclose these findings in a structured way. The goal is not only better risk management but also to shift financial flows away from nature-negative outcomes. Crucially, investors are watching: a recent survey found 63% of companies view nature-related issues as equally or more significant than climate issues to their future prospects, and over three-quarters of investors want clearer nature-related disclosure standards building on TNFD. In short, TNFD helps meet growing investor expectations by bringing nature considerations into core business and financial decision-making.

What is SBTN and Why It Matters?

Setting science-based targets for nature. The Science Based Targets Network (SBTN) is a global collaboration launched in 2019 (as part of the Global Commons Alliance) to extend the success of science-based climate targets into the realm of nature. SBTN provides guidance for companies (and cities) to set science-based targets across key domains of nature – including freshwater use, land use, biodiversity, and ocean health. In essence, it offers a framework for assessing your organization’s impacts and dependencies on nature and then developing measurable, time-bound goals to reduce negative impacts and restore ecosystems in line with what science says is necessary. By setting targets with SBTN, companies can align their strategies with global goals like the Kunming-Montreal Global Biodiversity Framework and ensure their actions are quantifiable and credible. This not only helps safeguard natural resources critical to the business, but also demonstrates to stakeholders and investors that the company is proactively managing nature-related risks and opportunities. SBTN’s methods complement disclosure frameworks – for example, progress on SBTN targets can feed into reports aligned with GRI, CDP, or TNFD. Momentum is building here as well: as of early 2024, around 160 companies worldwide were already preparing to set science-based nature targets through SBTN’s programs, a number expected to grow as concerns about water scarcity, deforestation, and biodiversity loss accelerate.

The Momentum: Investors and Regulators Focus on Nature

Nature-related disclosure and target-setting are no longer niche topics – they are quickly moving into the mainstream of ESG. Some key signs of momentum:

• Global adoption is rising: In just two years since the TNFD framework was introduced, over 620 organizations from 50+ countries (representing US$20 trillion in assets) have publicly committed to start TNFD-aligned reporting. Early adopters include financial institutions and corporates across Asia and globally, signaling broad interest in managing nature risks.
• Standards are converging: Major sustainability reporting standards are incorporating nature. The TNFD recommendations align with and have been integrated into frameworks like the GRI standards, the EU’s Corporate Sustainability Reporting Directive (CSRD), and the new ISSB sustainability disclosure standards. In other words, whether you report in Hong Kong or elsewhere, nature metrics and disclosures are increasingly expected.
• Investor expectations are growing: Investors recognize that “business resilience depends on nature’s resilience”. In a 2025 survey, 77% of investors said they want specific nature-related reporting standards built on the TNFD framework. Major investor coalitions (like the Finance for Biodiversity Pledge with 160+ financial institutions) have formed to push for biodiversity protection. The message is clear – capital is starting to flow toward nature-positive companies, and those lagging on nature issues risk losing investor confidence.

In summary, companies that proactively address nature impacts and dependencies are better positioned to meet emerging regulations and investor demands. By using frameworks like TNFD and SBTN, businesses can stay ahead of the curve, building resilience and trust in an era of nature-focused ESG.

How TÜV Rheinland Hong Kong Can Help

Adopting TNFD and SBTN may seem complex, but you don’t have to navigate it alone. TÜV Rheinland Hong Kong team supports companies in Asia on their journey to align with these frameworks, offering services such as:

• Baseline assessments & gap analysis: We help you map out your nature-related risks, dependencies, and impacts – identifying material issues (e.g. biodiversity hotspots, water stress in your supply chain) as a foundation for action.
• Data collection & metrics: Our experts assist in gathering and analyzing the right data on natural capital (from ecosystem impacts to resource usage) and selecting appropriate metrics. This ensures you have credible, decision-useful information for TNFD disclosures and SBTN target-setting.
• Target-setting & strategy integration: We guide you in translating science-based targets for nature into concrete corporate goals. Whether it’s setting a water reduction target for a key river basin or a no-deforestation commitment in your sourcing, we ensure these targets are ambitious yet achievable and embedded into your business strategy.
• Disclosure & reporting support: From developing TNFD-aligned disclosure reports to integrating nature into your sustainability reports, we help craft a clear narrative and strategy that meets global standards and resonates with investors and stakeholders.

Ready to Embrace the Nature Agenda? – Call to Action

Nature is the next big frontier in sustainability. Forward-thinking companies are already acting to future-proof their business against nature-related risks and to seize new opportunities (in areas like biodiversity conservation, regenerative agriculture, and green finance). Don’t get left behind. Contact TÜV Rheinland Hong Kong’s ESG advisory team to learn how we can help you navigate TNFD and SBTN, strengthen your ESG strategy, and become a leader in the new nature-positive economy. Let’s work together to build business resilience and a sustainable future for our planet.