The IFRS Foundation and the Taskforce on Nature-related Financial Disclosures (TNFD) announced that they have signed a memorandum of understanding to build on TNFD’s recommendations in the International Sustainability Standards Board’s (ISSB) ongoing work, with the aim of enabling nature-related financial disclosures for use by capital markets. The MoU is intended to deepen collaboration as the ISSB considers the relevance of TNFD’s recommendations in its research into investor-focused information about nature-related risks and opportunities. Under the agreement, the ISSB and TNFD will share research, knowledge and technical expertise to inform the ISSB’s Biodiversity, Ecosystems and Ecosystem Services (BEES) research project and nature-related aspects of the ISSB’s work to enhance the industry-based SASB Standards, and will explore joint market engagement and capacity-building initiatives. Any ISSB standard-setting that follows the nature-related disclosures research will be subject to the IFRS Foundation’s due process, including public consultation on any resulting proposals. TNFD also flagged continued market engagement and capacity-building, including developing and pilot testing additional guidance for preparers and work to improve access to high-quality nature-related data.
Taskforce on Nature-related Financial Disclosures 2025-04-09
Taskforce on Nature-related Financial Disclosures and IFRS Foundation sign MoU to deepen ISSB work on nature-related financial disclosures
The IFRS Foundation and the Taskforce on Nature-related Financial Disclosures (TNFD) have signed a memorandum of understanding to integrate TNFD’s recommendations into the International Sustainability Standards Board’s (ISSB) work. The collaboration will involve sharing research to inform the ISSB’s Biodiversity, Ecosystems and Ecosystem Services (BEES) project and enhance SASB Standards. Any resulting ISSB standards will undergo the IFRS Foundation’s due process, including public consultation.