ISSB consults on nature-related disclosures

The International Sustainability Standards Board (ISSB) has issued an Exposure Draft, IFRS Sustainability Disclosure Practice Statement 1: Nature-related Disclosures, progressing its work on how companies can identify and disclose material information about nature-related risks and opportunities.

The proposals are particularly relevant to businesses already using or considering the Taskforce on Nature-related Financial Disclosures (TNFD) framework, given the ISSB's use of TNFD concepts and approaches in developing its nature-related disclosure proposals.

The development also comes as other nature-related frameworks become increasingly interconnected. TNFD provides a foundation for understanding nature-related dependencies, impacts, risks and opportunities, while SBTN provides pathways to translate that understanding into science-based targets and action.

Explore our latest insights on nature-related reporting and action:

• Before you report on nature, you need to understand it explores why identifying nature-related dependencies and understanding your relationship with nature comes before effective reporting.
• Why Science-Based Targets for Nature 2.0 matter looks at the next step: translating that understanding into priorities, science-based targets and action.