Catalysing Change: The urgent need for nature transition plans

The WWF report points to the need to define credible Transition Plans for Nature (NWPs), supported by scientific targets and collective actions in line with the targets set out in the Kunming-Montreal Global Biodiversity Framework (GBF) and IPBES reports.

WWF aims to help entities understand the importance of integrating nature into their transition strategies and to put in place the human and financial resources necessary to transform their business model. Of particular note are the various recommendations on disclosures from the Taskforce on Nature-related Financial Disclosures (TNFD), the work of the Science Based Targets Network (SBTN) as well as the sectoral guidance from GFANZ, UNEP-FI and the WEF for financial institutions. The Corporate Sustainability Reporting Directive (CSRD) has also been a reference for the development of these recommendations.