Investors urge ISSB to issue mandatory nature-related reporting standard

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🗞️ Driving the news: A coalition of 15 financial institutions is urging the International Sustainability Standards Board (ISSB) to develop a mandatory, standalone standard for corporate nature-related reporting
• The investors warn that voluntary guidance could lead to fragmented disclosures across jurisdictions, making it harder to compare companies and assess financially material nature-related risks

🔭 The context: The ISSB is consulting on proposed nature-related disclosure requirements in the form of a non-mandatory IFRS Practice Statement
• While jurisdictions could choose to make its provisions mandatory, investors fear inconsistent adoption and overlapping approaches under existing sustainability and climate standards
• The group wants the ISSB to clarify how global consistency will be achieved and establish a clear pathway towards a dedicated standard

🌍 Why it matters for the planet: Nature-related reporting can help investors identify corporate dependencies and impacts involving biodiversity, water, land use and pollution
• More consistent disclosures could strengthen accountability and help direct capital towards business practices that better manage nature-related risks

⏭️ What’s next: The ISSB will gather feedback on its proposed requirements, including whether nature-related disclosures should take the form of a standalone mandatory standard
• The investor group is calling for clarity on implementation, comparability and the timeline for further standard setting
• Wider support from financial institutions could add momentum to its campaign

💬 One quote: “Investors need a dedicated Nature Standard to ensure consistent, comparable, and decision-useful disclosures across global markets.” — Investor group letter submitted to the ISSB.

📈 One stat: 15 financial institutions signed the letter urging the ISSB to pursue a dedicated nature-related reporting standard

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