ISSB agrees on the proposed way forward for nature-related disclosures
22 June 2026
On 22 April 2026, the International Sustainability Standards Board (ISSB) announced that it had agreed to put its proposals for nature-related reporting requirements forward in the form of an IFRS Practice Statement. This would complement the requirements in IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information and IFRS S2 Climate-related Disclosures, without changing the requirements in the Standards.
The Practice Statement would explain how to provide information when there are material nature-related risks without requiring jurisdictions adopting the ISSB’s standards to adopt or endorse additional standards.
This approach is notably different to that for climate, which has its own standard. It will, as the ISSB notes however, have the potential to reduce additional complications in adoption for the countries currently in the process of implementing the ISSB’s standards.
The ISSB expects to publish an exposure draft of its Practice Statement in October allowing for feedback on the proposed requirements, including on whether the Practice Statement route is the right form of standard setting for these disclosures.
The ISSB’s related press release and materials are available here.
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