Materials exhibiting thermally activated delayed fluorescence (TADF) based on transition metal complexes are currently gathering significant attention due to their technological potential. Their application extends beyond optoelectronics, in particular organic light‐emitting diodes (OLEDs) and light‐emitting electrochemical cells (LECs), and include also photocatalysis, sensing, and X‐ray scintillators. From the perspective of sustainability, earth‐abundant metal centers are preferred to rarer second‐ and third‐transition series elements, thus determining a reduction in costs and toxicity but without compromising the overall performances. This review offers an overview of earth‐abundant transition metal complexes exhibiting TADF and their application as photoconversion materials. Particular attention is devoted to the types of ligands employed, helping in the design of novel systems with enhanced TADF properties.