This ISSB Update highlights preliminary decisions of the International Sustainability Standards Board (ISSB). Projects affected by these decisions can be found on the work plan. The ISSB's final decisions on IFRS® Sustainability Disclosure Standards are formally balloted as set out in the IFRS Foundation's Due Process Handbook.
Contents
Work plan overview
Research and standard-setting
- Biodiversity, Ecosystems and Ecosystem Services (Agenda Papers 3 and 3A)
- Human Capital (Agenda Paper 4)
Maintenance and consistent application
Work plan overview
ISSB work plan (Agenda Paper 2)
The ISSB met on 23 July 2025 to discuss the timeline for its next agenda consultation.
Subject to the IASB agreeing with the timeline, the ISSB decided:
- to begin an agenda consultation process in late 2026; and
- to issue a request for information on its agenda in 2027, at the same time the IASB issues its request for information on its agenda.
All 12 ISSB members present agreed with this decision. Two members were absent.
Next step
The ISSB will further discuss its next agenda consultation.
Research and standard-setting
Biodiversity, Ecosystems and Ecosystem Services (Agenda Papers 3 and 3A)
The ISSB met on 23 July 2025 to discuss the proposed project plan and the scope of the second phase of research, including the relevance of the Taskforce on Nature-related Financial Disclosures (TNFD) recommendations.
The ISSB also received a summary of the proposed amendments to the SASB Standards that relate to the research project and how these proposals take into account the TNFD recommendations and interoperability with the GRI Standards.
The ISSB was not asked to make any decisions.
Next step
The ISSB will continue discussing the project and will assess whether standard-setting is necessary and feasible.
Human Capital (Agenda Paper 4)
The ISSB met on 24 July 2025 to receive an update on the project, focusing on the approach to organising human capital concepts.
The ISSB was not asked to make any decisions.
Next step
The ISSB will receive further updates on the project.
Maintenance and consistent application
Amendments to Greenhouse Gas Emissions Disclosures (Agenda Paper 9)
The ISSB met on 24 July 2025:
- to discuss a summary of preliminary feedback on the Exposure Draft Amendments to Greenhouse Gas Emissions Disclosures; and
- to consider aspects of each proposed amendment for redeliberation based on that feedback.
The Exposure Draft proposed targeted amendments to IFRS S2 Climate-related Disclosures in response to application challenges related to greenhouse gas emissions requirements.
The ISSB was not asked to make any decisions.
Next steps
The ISSB will continue to discuss the feedback on the Exposure Draft before beginning to redeliberate the proposed amendments.
