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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.

The ISSB met on 10 December 2025.

Contents

Research and standard-setting

Research and standard-setting

Biodiversity, Ecosystems and Ecosystems Services (Agenda Paper 3)

The ISSB met on 10 December 2025 to discuss:

  • the required due process steps for moving the project from research to standard-setting in the ISSB’s workplan; and
  • the need for a project-specific consultative group.

The ISSB decided to move the project from research to standard-setting in its work plan.

The standard-setting project will develop disclosure requirements to respond to the needs of primary users of general purpose financial reports 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.

Eleven of 12 ISSB members agreed with this decision.

The ISSB also decided to publish an exposure draft as the next due process step, forgoing a discussion paper.

Eleven of 12 ISSB members agreed with this decision.

Need for a consultative group for standard-setting (Agenda Paper 3A)

The ISSB also decided to use its existing advisory bodies, consultative groups and resources instead of creating a new consultative group for the project.

All 12 ISSB members agreed with this decision.

Next step

The ISSB will discuss the project plan and scope of work to develop an exposure draft.

Human Capital (Agenda Paper 4)

The ISSB met on 10 December 2025 to receive an update on the project, focusing on the necessity and feasibility of standard-setting. 

The ISSB was not asked to make any decisions.

Next step

The ISSB will continue its discussions on the development of the project.