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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 6 November 2025.

Contents

Research and standard-setting

Research and standard-setting

Biodiversity, Ecosystems and Ecosystem Services (Agenda Paper 3)

The ISSB met on 6 November 2025 to discuss:

  • the information that primary users of general purpose financial reports commonly need about nature-related risks and opportunities;
  • the potential to draw on the Taskforce on Nature-related Financial Disclosures (TNFD) recommendations, metrics and additional guidance including the LEAP approach (collectively, the TNFD framework) to meet those information needs; and
  • potential approaches for the ISSB to meet those needs.

The ISSB decided to draw on the TNFD framework to meet primary users’ common information needs about nature-related risks and opportunities, and to build on the requirements in IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information.

All 11 ISSB members present agreed with this decision. One member was absent.

The ISSB also decided to undertake standard-setting to introduce incremental disclosure requirements about nature-related risks and opportunities not reflected in explicit requirements in IFRS S1 and IFRS S2 Climate-related Disclosures.

All 11 ISSB members present agreed with this decision. One member was absent.

The ISSB discussed ways to approach standard-setting but was not asked to make any decisions on the form and content of standard-setting at this meeting.

The ISSB also decided to consider developing educational materials to support the application of the requirements in IFRS Sustainability Disclosure Standards in the context of providing nature-specific information subsequent to standard-setting.

Ten of the 11 ISSB members present agreed with this decision. One member was absent.

Next step

The ISSB will discuss next steps on standard-setting in the near term, focusing on the form and content of that work and taking into consideration the effect on the implementation of IFRS S1 and IFRS S2.