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The International Sustainability Standards Board (ISSB) published the Exposure Draft IFRS Sustainability Disclosure Practice Statement 1 Nature-related Disclosures in October 2026.

The proposals have been developed to help companies provide material information about nature-related risks and opportunities to address the common information needs of investors.

The ISSB decided that an IFRS Practice Statement is the most appropriate form through which to issue requirements for nature-related disclosures at this time. The ISSB will evaluate stakeholder feedback on the Exposure Draft in deciding whether to confirm the proposed form or to issue nature-related disclosure requirements in a different form.

Submit your comments on the Exposure Draft. The 120-day comment period closes on 19 February 2027, after which the ISSB will consider feedback on the Exposure Draft.

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.

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