Nature in focus: ISSB explores reporting needs with TNFD
Last week the IFRS Foundation and the Taskforce on Nature-related Financial Disclosures (TNFD) announced a new phase in their collaboration, exploring the potential for high-quality nature-related disclosures for capital markets.
The International Sustainability Standards Board (ISSB) will consider the relevance of TNFD’s recommendations as part of its ongoing research into biodiversity, ecosystems, and ecosystem services (BEES). This research project is still at an exploratory stage, with any future standard-setting subject to full public consultation under the IFRS Foundation’s due process.
This is not about fast-tracking a new standard, but about laying the groundwork. Sharing insights and aligning methodologies will help ensure any future disclosures meet investor needs without duplicating effort. It’s also a timely signal that nature might be moving up the agenda for investors.
More details via the IFRS Foundation announcement.
