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Asian companies lead real estate's nature reporting drive

17th January 2024

Asia Pacific real estate companies have led the sector in committing to nature-related disclosures.

The Taskforce on Nature-related Financial Disclosures (TNFD) this week announced 320 early adopters which have pledged to include nature-related matters in their financial reporting for FY2023, FY2024 or FY2025. 

The TNFD is a market-led, science-based and government-backed initiative providing organisations with the tools to act on evolving nature-related issues.

Of the 14 real estate companies which have signed up to the initiative, 10 are based in Asia Pacific. Companies include Singapore’s City Developments Ltd, Japan’s Sekisui House and Swire Properties, Chinachem Group and Henderson Land from Hong Kong. The other four companies are based in Europe.

A number of asset managers and insurance companies which invest in real estate, including AXA and Schroders, have also become early adopters.

David Craig, co-chair of the TNFD, said: “This is a milestone moment for nature finance and for corporate reporting.  As climate-related sustainability reporting goes mainstream through the new International Sustainability Standards Board (ISSB) standards and regulation in a growing number of countries, this is a clear signal that investors, lenders, insurers and companies are recognising their business models and portfolios are highly dependent on both nature and climate, which to be treated as both strategic risks and investment opportunities.”  

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