ISSB Agrees Nature Disclosures Practice Statement, October 2026
Summary
The International Sustainability Standards Board agreed during its April 2026 meeting in Beijing to propose requirements for nature-related disclosures as an IFRS Practice Statement. The Practice Statement will guide companies on how to provide material nature-related disclosures required under IFRS S1 without amending existing standards, drawing on the Taskforce on Nature-related Financial Disclosures framework. An exposure draft is planned for October 2026, giving stakeholders the opportunity to comment on both the proposed content and whether a Practice Statement is the appropriate form of standard-setting for nature-related disclosures.
“A Practice Statement will guide companies on how to provide such disclosures. Applying the Practice Statement would have the full effect of an ISSB Standard for companies applying it.”
Companies currently implementing or planning to implement IFRS S1 and S2 sustainability disclosures should monitor the October 2026 exposure draft and prepare feedback on whether the Practice Statement form of guidance provides sufficient specificity for nature-related risk assessment and disclosure. The ISSB Chair's explicit statement that nature-related disclosures are 'not optional' under existing S1 requirements signals the Board's expectation that companies address these risks regardless of the Practice Statement's final form.
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What changed
The ISSB agreed during its April 2026 Beijing meeting to develop nature-related disclosure requirements in the form of an IFRS Practice Statement rather than amending existing standards. The Practice Statement would explain how companies should provide nature-related disclosures required under IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information and IFRS S2 Climate-related Disclosures. The ISSB drew on the TNFD framework in developing the approach and discussed aspects of the disclosure content at this meeting. Companies already subject to ISSB Standards and jurisdictions in the process of implementing them are the primary audience for this forthcoming guidance, with an October 2026 exposure draft opening a public comment period.
Meeting
- Date
- 2026-04-01
- Location
- Beijing
Archived snapshot
Apr 22, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
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Close The International Sustainability Standards Board (ISSB) has during its April board meeting in Beijing agreed to propose requirements for nature-related disclosures in the form of an IFRS Practice Statement.
The ISSB’s existing Standards already require companies to provide material information about all sustainability-related risks and opportunities, including nature-related risks and opportunities that could reasonably be expected to affect a company’s prospects.
The Practice Statement would complement IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information and IFRS S2 Climate-related Disclosures, without changing the requirements in the Standards. When a company needs to provide information about nature-related risks and opportunities in accordance with IFRS S1, the Practice Statement would explain how to do this. This form of standard-setting therefore minimises disruption, which is particularly important because companies and jurisdictions are in the process of implementing and adopting the ISSB Standards.
The decision today follows the ISSB’s work to specify aspects about material information on nature-related risks and opportunities for companies to disclose, drawing on the Taskforce on Nature-related Financial Disclosures (TNFD) framework.
The ISSB aims to publish an exposure draft for public comment in October 2026, giving stakeholders the opportunity to provide feedback on the proposed requirements, including on whether an IFRS Practice Statement is the right form of standard-setting for nature-related disclosures.
Emmanuel Faber, ISSB Chair, said:
Providing material nature-related disclosures is not optional; IFRS S1 already requires that. A Practice Statement will guide companies on how to provide such disclosures.
Applying the Practice Statement would have the full effect of an ISSB Standard for companies applying it. At the same time, it provides the ISSB with a pathway to a standard-based outcome in the future.
In addition to the form of standard-setting, at this meeting the ISSB discussed aspects of the content of the nature-related disclosures, including how they would draw upon the TNFD framework.
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