This ISSB Update highlights preliminary decisions of the International Sustainability Standards Board (ISSB). Projects affected by these decisions can be found in 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
Research and standard-setting
Research and standard-setting
Nature-related Disclosures (Agenda Paper 3)
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 step
The ISSB will begin the balloting process and plans to publish the exposure draft in October 2026.
Enhancing the SASB Standards (Agenda Paper 6)
The ISSB met on 22 July 2026 to discuss the next phase of the project.
The ISSB decided to enhance the six SASB Standards in the Technology & Communications sector of the Sustainable Industry Classification System® (SICS®).
All 12 ISSB members agreed with this decision.
Next step
The ISSB will begin preparing an exposure draft of proposed amendments to the six SASB Standards in the Technology & Communications SICS sector.
