Nature-related Disclosures

The ISSB met on 26 March 2026 to discuss:

• nature-related metrics;
• information on nature-related transition;
• illustrative drafting of incremental requirements and guidance on strategy and decision-making; and
• information on nature-related targets and consideration of international agreements and related jurisdictional commitments.

Nature-related metrics (Agenda Paper 3A)

The ISSB tentatively decided:

1. to specify that, in disclosing metrics on nature-related risks and opportunities, an entity:
   1. is required to apply paragraphs 57 and 58(a) of IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information, including the requirement to refer to and consider the applicability of metrics associated with the disclosure topics in the SASB Standards; and
   2. is permitted to refer to and consider the applicability of other sources of guidance as set out in paragraph 58(b)–(c) of IFRS S1; and
2. to consider what cross-industry metrics, if any, to require an entity to disclose within the identified information areas for this project, but to do no further work on cross-industry metrics beyond those areas at this time.

All 12 ISSB members agreed with these decisions.

Information on nature-related transition (Agenda Paper 3B)

The ISSB tentatively decided to provide incremental requirements and guidance for disclosing information on the effects of nature-related risks and opportunities on an entity’s strategy and decision-making, including information about an entity’s response, and plans to respond, to nature-related risks and opportunities, regardless of whether these actions form part of a transition plan.

The requirements and guidance will be specific to nature-related risks and opportunities and incremental relative to the general requirements and guidance in IFRS S1.

Eleven of 12 ISSB members agreed with this decision.

Illustrative drafting of incremental requirements and guidance on strategy and decision-making (Agenda Paper 3C)

The ISSB discussed illustrative drafting of incremental requirements and guidance for disclosing information that enables users of general purpose financial reports to understand the effects of an entity’s nature-related risks and opportunities on its strategy and decision-making. The ISSB decided to use the illustrative drafting, subject to feedback provided by ISSB members, as a basis for the development of proposals in the exposure draft.

Eight of 12 ISSB members agreed with this decision.

Information on nature-related targets and consideration of international agreements and related jurisdictional commitments (Agenda Paper 3D)

Regarding the disclosure of information on nature-related targets, the ISSB tentatively decided:

1. to provide incremental guidance on:
   1. the breadth of what nature-related targets could relate to (for example, land, freshwater and ocean use change and pollution reduction); and
   2. the disclosure of location-specific information associated with nature-related targets and their objectives; and
2. to set out an incremental requirement for an entity to disclose whether and how a nature-related target has been informed by law or regulation.

Nine of 12 ISSB members agreed with these decisions.