Nature-related Disclosures

The ISSB met on 22 April 2026 to discuss:

• location-specific information about nature-related risks and opportunities;
• information about engagement with Indigenous Peoples, Local Communities and affected stakeholders in the context of nature-related risks and opportunities; and
• the form of standard-setting.

Location-specific information about nature-related risks and opportunities (Agenda Paper 3A)

The ISSB tentatively decided:

1. to provide incremental guidance to explain how the location of an entity’s assets and business activities can be relevant to identifying nature-related risks and opportunities that could reasonably be expected to affect its prospects over the short, medium and long term. This guidance would be based on the explanations and examples set out in the paper.
2. to provide incremental guidance on disclosing location-specific information about nature-related risks and opportunities across core content areas. The guidance is intended to help an entity determine the appropriate level of granularity and aggregation for that information, considering the entity’s specific facts and circumstances. This guidance would be based on the explanations and examples set out in the paper.
3. to require an entity to disclose the amount and percentage of assets or business activities:  
   1. vulnerable to the nature-related risks it has identified; and  
   2. aligned with the nature-related opportunities it has identified.
4. to introduce a proportionality mechanism for the disclosure specified in (c) requiring an entity to use all reasonable and supportable information that is available to the entity at the reporting date without undue cost or effort. 

All 12 ISSB members agreed with these decisions.

Information on engagement with Indigenous Peoples, Local Communities and affected stakeholders in the context of nature-related risks and opportunities (Agenda Papers 3B–3C)

The ISSB discussed findings from staff research and outreach in relation to interactions, including engagement, with Indigenous Peoples, Local Communities and affected stakeholders in the context of nature-related risks and opportunities.

The ISSB tentatively decided to provide guidance on this matter explaining how to apply the requirements in IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information and the metrics in the SASB Standards (through application of IFRS S1, which references these metrics as a source of guidance) to provide material information to primary users of general purpose financial reports. The guidance would focus on information about how an entity’s interactions, including engagement, with Indigenous Peoples, Local Communities and affected stakeholders can give rise to nature-related risks and opportunities that could reasonably be expected to affect its prospects. 

Specifically, this guidance would:

1. explain the relationship between nature and Indigenous Peoples, Local Communities and affected stakeholders;
2. explain how interactions, including engagement, with Indigenous Peoples, Local Communities and affected stakeholders could give rise to or help respond to an entity’s nature-related risks and opportunities and could affect its prospects, thereby supporting the entity’s identification of nature-related risks and opportunities and its materiality judgements;
3. explain how to apply requirements in IFRS S1 on strategy, risk management, governance and connected information, together with relevant metrics in the SASB Standards (through application of IFRS S1, which references these metrics as a source of guidance), to provide the information that primary users need; and
4. provide examples of information an entity might need to disclose (for example, from specific industries or jurisdictions to explain application).

Ten of 12 ISSB members agreed with this decision.

The ISSB tentatively decided that this guidance would cover categories of society and stakeholders comprising Indigenous Peoples, Local Communities and affected stakeholders, and describe these categories based on the Taskforce on Nature-related Financial Disclosures framework.

Nine of 12 ISSB members agreed with this decision.

The ISSB tentatively decided to require an entity to identify the types of stakeholders and communities included within the scope of its disclosures, if information about interactions, including engagement, with them in the context of nature is material in its circumstances.

Nine of 12 ISSB members agreed with this decision.

The ISSB tentatively decided to consider the findings of the nature-related disclosures project as part of its work on enhancing the SASB Standards (in determining the industry coverage of related disclosure topics and metrics, the types of stakeholders and communities covered by the metrics, and consistency of language and terminology, if relevant).

All 12 ISSB members agreed with this decision.

Form of standard-setting (Agenda Paper 3D)

The ISSB tentatively decided:

1. to propose requirements and guidance for nature-related disclosures in the form of an IFRS Practice Statement; and
2. to invite stakeholders to comment on the proposed form of an IFRS Practice Statement—with reference to alternative forms of standard-setting—by including a specific question in the exposure draft.  

All 12 ISSB members agreed with these decisions.