76% report on nature-related issues, but only 14% follow TNFD guidelines.

A study by the National University of Singapore (NUS) and luxury group Kering has revealed a significant lag in Singaporean companies’ adoption of the Taskforce on Nature-related Financial Disclosures (TNFD) framework. While 76% address nature-related issues in reports, only 14% align with this global standard, signaling a gap in sustainability practices.

The Taskforce on Nature-related Financial Disclosures (TNFD) framework aims to provide companies with guidance on managing and disclosing nature-related risks and opportunities. While Singaporean firms have made strides in sustainability, their alignment with TNFD standards remains limited, posing challenges in global competitiveness and environmental governance.

While 76% of companies mention nature-related issues in sustainability reports, only 14% adhere to TNFD guidelines, showcasing a gap between awareness and actionable steps.

66% of companies identify their dependencies and impacts on nature. However, only 39% integrate these into broader risk management frameworks, leaving potential risks under-addressed.

Only 30% of firms disclosed specific, measurable goals related to nature, indicating difficulty in transitioning from intent to actionable targets in corporate strategies.

Half of the companies reported board-level oversight on nature-related issues. Yet, the lack of alignment with TNFD suggests a need for stronger governance and strategic direction.

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While physical risks like extreme weather events are cited, opportunities such as ecosystem conservation and resource efficiency remain underexplored in corporate strategies.

Singaporean companies need to accelerate TNFD framework adoption to meet global sustainability benchmarks. Aligning with such standards will not only enhance corporate resilience but also strengthen Singapore’s reputation as a leader in sustainable business practices. For international visitors and businesses, this progress will signal stronger environmental governance and investment appeal.

Source: The Independent (2025)

Keywords: TNFD Framework, Singapore Companies, Sustainability Adoption