ISSB chooses a Practice Statement path for nature-related disclosures

The ISSB has agreed to propose nature-related disclosure requirements through an IFRS Practice Statement rather than immediate changes to IFRS S1 and S2. The important line for companies is that material nature-related disclosures are already required under IFRS S1 when they affect prospects. The legal issue is how to evidence materiality, location-specific exposure and stakeholder impacts before nature becomes another assurance and liability fault line.