Regional Spatial Plans in Aotearoa New Zealand: Strategic opportunities under the new planning system
by Miles Rowe
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How does nature fit into your ASRS-required Transition Plan?
- Post Date
- 12 February 2026
- Read Time
- 3 minutes
As companies scale up climate reporting under frameworks like the Australian Sustainability Reporting Standards (ASRS), nature remains in the blind spot of many. Nature loss, including the decline of biodiversity, ecosystem degradation, and water stress, is a potential material financial risk to businesses and is being exacerbated by the impacts of climate change. As global policy and reporting standards evolve, nature is rapidly moving to the forefront.
New guidance on nature in climate transition plans
Transition planning provides a structured framework for setting goals, defining mitigation and adaptation actions, and communicating strategies to stakeholders and investors. Under the ASRS, preparing a climate transition plan is now a mandatory disclosure requirement.
As with climate, investors increasingly seek information on how organisations intend to manage the risks and resilience issues associated with nature-related challenges.
To address this increased interest, the Taskforce on Nature-related Financial Disclosures (TNFD) has developed guidance on nature in transition planning, translating the goals and targets of the Kunming-Montreal Global Biodiversity Framework (GBF) into a structured set of forward-looking strategies, actions, and accountability mechanisms that are integrated into core business strategy.
Themes for nature in transition plans
The TNFD identifies five themes, building on the approach from the Glasgow Financial Alliance for Net Zero (GFANZ), for companies to disclose information on an organisation’s transition plan:
- Foundations – Identify the scope, changes to business model and value chain, transition plan priorities, and financing strategies required.
- Implementation Strategy – Develop a set of actions to align business activities, products, services, and policies with the plan priorities.
- Engagement Strategy – Outline how the organisation will work with others to avoid and reduce negative impacts on nature and support the delivery of the organisation’s transition plan.
- Metrics and Targets – Identify metrics to monitor progress against the plan priorities and set targets for those metrics.
- Governance – Assess whether existing governance structures are sufficient or whether changes are required to ensure the plan is delivered.
Why this matters for your organisation
Strengthen strategic resilience:
Integrating nature into your transition plan shows how your organisation can adapt to environmental change while contributing to global biodiversity goals.
Boost investor confidence:
Clear insights into how nature‑related risks are managed help demonstrate value creation and build trust with investors.
Enhance regulatory readiness:
Aligning with TNFD will help you stay ahead of evolving disclosure expectations as the IFRS explores the integration of nature reporting into mandatory standards.
Enable holistic decision‑making:
Combining nature and climate considerations supports better assessment of trade‑offs, identification of synergies, and strategies that go beyond emissions reduction alone.
How we can support you
SLR supports companies at all stages of their nature journey. From initial identification of nature interface and understanding strategic priorities, through strategy development and reporting, through to site level implementation of action plans.
Read more
- SLR responds to Australia Treasury consultation on climate-related transition planning guidance: SLR submits response to Australian Treasury consultation on climate-related transition planning guidance
- The ISSB is moving to mainstream nature disclosures and what this means for Australia: Nature can't wait: ISSB is moving to mainstream new disclosures.
