The Little Blue View - October
Welcome to the October edition of The Little Blue View. This month, we share our new research with Biodiversify on how organisations are integrating nature into business decisions, the media attention it has received, and news that our Managing Director, Dr Stephanie Hime, will co-lead the development of a new ISO standard based on TNFD’s LEAP approach. Alongside these updates, we pick out resources released around COP17 that can help practitioners move from assessment to action.
Photo by Marita Kavelashvili on Unsplash
News from Little Blue Research
A warm welcome to those joining us after downloading Integrating Nature into Business Decision-Making: Progress, Barriers and Action in 2026, our report produced in collaboration with Biodiversify.
The report has featured in eight articles across fashion, sustainable investment, green business, and risk and insurance publications, including BusinessGreen and Vogue Business.
For us, the central question remains: how can organisations turn a better understanding of nature into business decisions? Building the business case and quantifying nature-related risks and opportunities remain among the most cited challenges in our research.
In this edition, we build on those findings with a selection of guidance, tools and reporting examples to support practitioners working to move from assessment to action.
🔗Read or revisit the full report: https://www.littleblueresearch.com/nature2026
Dr Stephanie Hime FISEP to co-lead development of a new ISO standard
Little Blue Research’s Managing Director, Dr Stephanie Hime, will co-lead the development of a new ISO standard based on TNFD’s newly refined LEAP 2.0 approach, alongside Ryan Twyford. A new Joint Working Group will bring together ISO/TC 331 Biodiversity, ISO/TC 207 Environmental management and ISO/TC 322 Sustainable finance to build international consensus and support coherent, practical approaches to assessing organisations’ nature-related dependencies, impacts, risks and opportunities. Stephanie looks forward to working with Ryan and co-conveners Ece Ozdemiroglu DSc and David Alvarez García over the next couple of years, and thanks Emily McKenzie, Claudia Gray and the TNFD team for developing the proposal and preparing for the standard’s development. We will keep you updated on progress and opportunities to contribute to the consultation process.
🔗 For more details see link
Selected resources: from assessment to action
📣 New exposure draft: Voluntary Practice Statement on Nature from the International Sustainability Standards Board (ISSB)
Who's it for? Corporate reporting and sustainability teams assessing nature-related risks, and investors following developments in nature-related disclosure.
Summary: The exposure draft has been developed to help companies provide material information to investors about nature-related risks and opportunities, including material information about how their dependencies and impacts on nature link to relevant risks and opportunities.
🔗 For more details see link
Three complementary updates
TNFD LEAP v2.0, Science-Based Targets for Nature 2.0 and the State of Nature Indicators and Metrics were released alongside each other, with potential to support data reuse across frameworks. This is relevant to our nature survey findings: most respondents used two or three frameworks when considering how to integrate nature into their organisations.
📣 Key update 1: TNFD LEAP v2.0 from TNFD
Who's it for? Businesses integrating nature into decision-making, and the advisers and practitioners supporting them.
Summary: The updated Locate, Evaluate, Assess and Prepare (LEAP) approach supports organisations in identifying and assessing nature-related issues. The following highlights focus on risk management, measurement and the quantification of risks and opportunities.
Key updates include:
- An explicit reference to integrating nature into risk management processes in step A2
- Additional disclosure metrics on invasive alien species
- Guidance on environmental crime
- Further guidance on quantifying risks and opportunities
🔗 For more details see link
📣 Key update 2: Science-Based Targets for Nature 2.0 from the Science Based Targets Network (SBTN)
Who's it for? Sustainability and supply-chain teams developing nature targets, and practitioners supporting their assessment and implementation.
Summary: The update provides new ways for companies to get started with target-setting, new resources and additional target coverage.
Key updates include:
Steps 1 and 2: Assess and Prioritize. Provide a more practical assessment that builds on existing data and disclosures. New Supplier Engagement and Traceability Improvement targets are also available for businesses with limited supply-chain traceability.
Step 3: Set targets.
• Freshwater targets now include stronger groundwater coverage and pesticide-related water quality.
• Land targets add a Working Land Regeneration and Restoration target, the Accounting Guidelines for Impacts on Land-use and the Environment (AGILE) accounting guidelines, and a No Conversion pathway for mining, infrastructure, construction, and extractive (MICE) sectors.
Step 4: Act. Includes an expanded response options database and a corporate action plan template to help companies implement targets.
🔗 For more details see link
📣 Key update 3: State of Nature Indicators and Metrics from the Nature Positive Initiative and partners
Who's it for? Businesses and practitioners selecting indicators to measure the state of nature as part of nature-related assessment and decision-making.
Summary: Developed through a two-year process reviewing more than 600 existing metrics, the framework sets out four core indicators—ecosystem extent, ecosystem condition, species extinction risk and species populations—with associated metrics to support business assessment of the state of nature.
🔗 For more details see link
Coming next month
A focused look at the key outcomes from COP17 and their implications for businesses and nature practitioners.
Upcoming conferences and events
The UK Business and Biodiversity Forum’s conference
Little Blue Research will be attending – if you would like to meet up, please get in touch.
The conference will focus on interpreting the outputs from COP17, strengthening collaboration and partnerships, and mobilising collective business action.
📆 3–4 November 2026 | London
🔗 For more details see link
Practical tools, data and reporting examples
Forest Typology (ForTy) map: Distinguishes Forest types globally, helping practitioners understand the forest context around business locations and sourcing areas to inform further assessment.
🔗 For more details see link
The Living Planet Report 2026 from WWF: Highlights trends in monitored wildlife populations and opportunities for recovery through changes to energy, food and finance systems.
🔗 For more details see link
TNFD reporting examples library: Provides searchable illustrative examples of nature-related disclosures, helping teams learn how other organisations approach TNFD reporting.
🔗 For more details see link
Updated IUCN Red List website: Makes species information easier to search and explore, supporting biodiversity screening and prioritisation.
🔗 For more details see link
Nature Action 100 Company Benchmark: Sets out investor expectations and assesses corporate progress on nature, helping businesses identify gaps in their governance, assessments, targets and implementation plans.
🔗 For more details see link
Palette by Kew Reach: Helps landscape architects and urban planners select climate-resilient trees by mapping UK locations against high-resolution climate scenarios for 2050 and 2090, taking account of local heat islands and ecosystem services.
🔗 For more details: link
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