The move is a result of a recent consultation on future priorities, which sees the launch of specific projects to research disclosure about risks and opportunities associated with biodiversity, ecosystems and ecosystem services; and human capital.

These projects will enable the ISSB to embark on its own standard-setting work in key areas needed to establish more specific disclosures to build out the global baseline of sustainability-related financial disclosures.

However, at this stage the ISSB is only considering the topic and has not made a final decision on whether any new standards are required.