TLT LLP (24.08.2025) Climate-related risk is now firmly embedded in trustees’ responsibilities and consciousness. However, the broader environmental agenda, including biodiversity loss, natural capital depletion and ecosystem degradation, impacts pension schemes (through investment implications, economic stability generally and the long-term financial wellbeing of members) and now demands board-level attention.  With the World Economic Forum ranking biodiversity loss among the most severe global risks, stakeholders are increasingly recognising that reporting frameworks should reflect its value. In 2024, 320 organisations from over 40 countries (accounting for US$14 trillion in assets under management) committed to making nature-related disclosures based on the Government-supported Taskforce on Nature-related Financial Disclosures (TNFD) recommendations