Global Nature Disclosures Get Nod to Advance to Standard Setting

New requirements for reporting on nature-related financial risks will be limited in scope, complementing existing sustainability standards and drawing on voluntary frameworks, rulemakers said Wednesday.

Eleven of 12 members of the International Sustainability Standards Board voted to draw up a new standard covering biodiversity, ecosystems, and ecosystem services. This will be the first new standard since the board published rules for climate and general sustainability reporting in 2023.

The board said the nature standard could be shorter than the climate rules because many areas were already covered by the general reporting requirements. More than 30 countries, including the UK and ...