On 19 December 2022, almost 200 countries, including Australia, agreed to the Kunming-Montreal Global Biodiversity Framework (GBF). Target 15 of the GBF requires signatories to take “legal, administrative or policy measures to encourage and enable business… [to] monitor, assess and transparently disclose their risks, dependencies and impacts on biodiversity…” On 18 September 2023, the TNFD finalised its framework for nature-related risk and opportunity management and disclosure, 9 which will support corporate reporting in line with Target 15.