The ISSB affirmed its decision to proceed with standard-setting on nature-related disclosure, prompting the TNFD to announce its completion of technical work in progress, including the development of additional sector guidance, by Q3 2026, and likely dissolution as a standalone standard-setter in 2027 as the ISSB assumes this responsibility.
The ISSB’s current consultation on the SASB Standards (which closes November 30 and which the Society will weigh in on) incorporates proposed amendments on both nature (based on its engagement with the TNFD) and human capital disclosure notwithstanding the fact that both topics are still in the research project stage and have not been published for public consultation. In its release (linked above), the ISSB indicates it may elect to provide guidance on or amend the ISSB Standards, provide industry-based guidance, provide additional sources of guidance, and/or adopt a new standard to address nature-related disclosure.
The Society proactively sought to weigh in on these two research projects earlier this year via ISSB-led workshops and a Society-developed member survey, and provided a summary of the feedback (which did not support standard-setting in these areas) to the ISSB for its consideration.
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This post first appeared in the weekly Society Alert!