The world is facing pressing environmental challenges, including climate change, biodiversity loss, and resource scarcity. These issues have led businesses and investors to concentrate on ESG factors, which are increasingly crucial for long-term sustainable growth. However, the existing ESG framework is not a panacea for urgent problems such as energy, climate, and biodiversity crises. This chapter explores the emerging role of the TNFD and the potential benefits of incorporating biodiversity credits in ESG reporting practices as a unified mechanism to combat biodiversity challenges and sustainability issues, highlighting the synergies among these concepts and the possible advantages of integrating them into business operations. By addressing nature-related risks and adopting market-based instruments like biodiversity credits, companies can better position themselves to achieve their ESG objectives and generate long-term value.