The International Financial Reporting Standards Foundation and the Taskforce on Nature-related Financial Disclosures (TNFD) signed a Memorandum of Understanding to deepen collaboration as the International Sustainability Standards Board (ISSB) evaluates how TNFD’s recommendations can inform nature-related financial disclosures for capital markets. The MoU provides for sharing research, knowledge and technical expertise to support the ISSB’s Biodiversity, Ecosystems and Ecosystem Services (BEES) research project and nature-related aspects of its work to enhance the industry-based SASB Standards. The two organisations will also explore joint market engagement and capacity-building initiatives. Any standard setting that may follow the ISSB’s research will be subject to the IFRS Foundation’s due process, including public consultation on any resulting proposals.
International Financial Reporting Standards Foundation 2025-04-09
International Financial Reporting Standards Foundation signs MoU with TNFD to deepen ISSB work on nature-related financial disclosures
The IFRS Foundation and the Taskforce on Nature-related Financial Disclosures signed a Memorandum of Understanding to enhance collaboration on nature-related financial disclosures. The agreement supports the ISSB's Biodiversity, Ecosystems and Ecosystem Services research project and aims to improve SASB Standards. Future standard setting will follow the IFRS Foundation's due process, including public consultation.