Nature Disclosure in Switzerland: TNFD Study Findings 2025

Key Findings of the TNFD Study 2025

Our latest analysis of Switzerland’s top 100 companies reveals meaningful momentum — and significant work still ahead — in nature-related disclosure.

Using the TNFD (Taskforce on Nature-related Financial Disclosures) framework as our lens, we have been tracking disclosures across five key dimensions: materiality, strategy, risks, targets, and metrics for three consecutive years (2023-2025). This year’s findings confirm that nature is moving up the corporate agenda — but also that meaningful gaps remain, particularly in governance, biodiversity-specific reporting, and quantitative disclosure.

What the Data Shows

Improvements were observed between 2024 and 2025 in most TNFD reporting dimensions. The most significant jump was in metrics reporting, which climbed from 56 companies mentioning having a nature strategy in 2024 to 77 in 2025 — a sign that companies are increasingly measuring what matters.
The number of companies displaying nature-related targets slightly decreased from 2024 to 2025. This can be explained by the fact that some companies had target cycles finishing in 2025 (e.g. 2020-2025) and did not yet showcase their new target cycle, (e.g. 2026-2030). Figure 1: Reporting progress across TNFD dimensions among Switzerland’s TOP 100 companies (2024–2025)*.  2023 focused on biodiversity only; thus not included here

Additional highlights from this year’s study:

• Only 8 out of 100 companies do not report on nature at all — down from 18 in 2024.
• 15 companies explicitly reference TNFD recommendations in their reports (same number as in 2024).
• 9 companies lead with criteria fulfilment above 75%, and 2 companies fulfil all evaluation criteria.

Which Sectors Are Leading — and Which Are Lagging?

Progress was observed across almost all sectors assessed, pointing to a broad cultural shift rather than isolated pockets of activity. 

Highest performing sectors in 2025

• Chemicals / Pharmaceuticals — 68%
• Food & Beverage Manufacturing — 68%

Sectors with the most room to grow in 2025

• Insurance Services — 17%
• Financial Services — 24%

Risks vs. Opportunities: A Persistent Imbalance

The study reveals that companies are more comfortable reporting on nature-related risks than on opportunities. Only 19% of companies disclose nature-related opportunities, compared to 35% reporting on risks. This imbalance suggests that many organisations have not yet made the connection between nature-positive action and business value creation.

Figure 2: Comparison of reporting rates for risks, opportunities, impacts and dependencies across TOP 100 Swiss companies.

On the impacts and dependencies side, 80% of companies report on nature-related impacts to some degree — but half of these limit their disclosure to broad environmental topics or GHG emissions, without nature-specific quantitative detail. Only 50% report on dependencies at all. Comprehensive, company-specific quantitative reporting on both fronts remains rare.

Governance: Nature Needs a Seat at the Table

Perhaps the most significant structural gap identified in this year’s study is at the level of governance. Despite growing public and investor attention to nature-related risks, only 9% of companies report explicit nature-related responsibilities for their Board of Directors. The vast majority — 87% — subsume nature under general sustainability or climate mandates.

The picture is similar at executive level, with 9% assigning nature-specific roles and 88% addressing it under broader sustainability responsibilities. Without clear Board-level ownership, nature strategies risk remaining aspirational rather than operational. Indeed, clear responsibilities and expertise within the Board of Directors are crucial for successful strategy implementation and risk & impact management.

The priorities mentioned by the 27 companies reporting nature-related strategies in 2025 are the following:

A Structured Path Forward: The “It’s Now for Nature” Accelerator Program

For organisations looking to move from awareness to action, engageability in collaboration with Innovate for Nature (I4N) and Business for Nature designed the Nature Accelerator Program. This 9-months program, inspired by the ACT-D framework is a structured, four-stage approach to becoming nature-positive. 

While the first cohort is in its final step, subscription is available for the second cohort (June 2026-April 2027). Click here to apply!

If you would like to understand where your organisation stands and how to move from early-stage awareness to action and disclosure, we would be happy to support you.

Contact: vanessa.scheungraber@engageability.ch

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* The 100 companies assessed span 15 sectors, with the number of companies per sector shown in the following table: