The TNFD released its inaugural report on nature-related disclosure practices. Given its infancy, the report discourages overreliance on the data (which was gathered from multiple sources, including a June/July 2025 survey) for purposes of understanding the quality of nature-related assessment and reporting, instead emphasizing the evidentiary value of assessment and disclosure practices. According to the above G&A Institute report, 1% of Russell 1000 reporting companies applied the TNFD in their sustainability reporting, consisting of <1% of the smallest half by market cap and 2% of the S&P 500. See the key takeaways on page 4 of the report.