ISSB starts standard-setting process for nature disclosures as 700+ companies adopt TNFD framework
TNFD is expected to stop its technical work in 2027.
The International Sustainability Standards Board (ISSB) will begin creating standards for corporate nature disclosures as more than 700 companies have already adopted the recommendations of the Taskforce on Nature-related Financial Disclosures (TNFD).
ISSB says that in response to investor needs, it will start introducing “incremental disclosure requirements” on nature-related risks and opportunities not already reflected in IFRS S1 and IFRS S2, its existing sustainability disclosure standards.
