Skip to content (Press enter)

This ISSB Update highlights preliminary decisions of the International Sustainability Standards Board (ISSB). Projects affected by these decisions can be found on the work plan. The ISSB's final decisions on IFRS® Sustainability Disclosure Standards are formally balloted as set out in the IFRS Foundation's Due Process Handbook.

The ISSB met on 20–21 February 2025. 

The IASB and ISSB met on 19 February 2025.

Contents

Research and standard-setting

Research and standard-setting

Biodiversity, Ecosystems and Ecosystem Services (Agenda Paper 3)

The ISSB met on 20 February 2025 to receive:

  • updates on the project; and
  • an overview of the work of the Taskforce on Nature-related Financial Disclosures (TNFD).

Background on other BEES-related standards and frameworks and Comparison of other BEES-related standards and frameworks to IFRS S1 and SASB Standards (Agenda Papers 3A–3B)

The ISSB discussed:

  1. the applicability of IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information and the SASB Standards to disclosures related to biodiversity, ecosystems and ecosystem services; and
  2. aspects of other standards and frameworks related to biodiversity, ecosystems and ecosystem services that the ISSB might consider in developing standards, amendments, guidance, educational materials or other resources.

The ISSB was not asked to make any decisions.

Nature-related risks and opportunities—The TNFD recommendations (Agenda Paper 3C)

The ISSB received an overview of the TNFD’s work, presented by TNFD Executive Director Tony Goldner and TNFD Technical Director Emily McKenzie. 

The ISSB was not asked to make any decisions. 

Next steps

The ISSB will continue discussions on this project. It will also further consider opportunities to promote interoperability between IFRS Sustainability Disclosure Standards and other widely used standards and frameworks and build on those materials.

Human Capital (Agenda Paper 4)

The ISSB met on 21 February 2025 to receive an update on the project, including research on: 

  • investor interest in information about risks and opportunities related to human capital; and 
  • the effects of these risks and opportunities on entities’ prospects. 

The ISSB was not asked to make any decisions.

Next step

The ISSB will receive further updates on this research project.