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The International Sustainability Standards Board (ISSB) decided to move the Nature-related Disclosures project from research to standard-setting in its work plan. The standard-setting phase of the project will involve developing disclosure requirements to respond to the needs of investors for information on nature-related risks and opportunities. These requirements will supplement the requirements in IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information and IFRS S2 Climate-related Disclosures, to be applied to nature-related risks and opportunities.

ISSB Update July 2026

The ISSB met on 21 July 2026 to discuss the due process steps for developing an exposure draft of the proposed IFRS Practice Statement on nature-related disclosures, including consideration of the likely effects.

Due process steps and permission to ballot (Agenda Paper 3A)

The ISSB discussed due process steps and the request for permission to ballot the exposure draft of the proposed Practice Statement.

All 12 ISSB members confirmed they were satisfied the ISSB has complied with the applicable due process requirements and has undertaken sufficient consultation and analysis to begin the process for balloting the exposure draft.

No ISSB member indicated an intention to dissent from publishing the exposure draft.

The ISSB decided to set a 120-day comment period for the exposure draft.

All 12 ISSB members agreed with this decision.

Overview of the likely effects of the proposed Practice Statement (Agenda Paper 3B)

The ISSB discussed an analysis of the likely effects of the proposed Practice Statement.

The ISSB was not asked to make any decisions on this matter.

Next milestone

Exposure Draft