Early indications are the International Sustainability Standards Board (ISSB) is minded to issue the nature-related disclosures as a practice statement, not a brand new, full blown sustainability standard, acknowledging they want to ‘prevent disruption’ for companies who have only just started reporting under the relatively new IFRS S1 and S2 standards,

The IFRS Sustainability Disclosure Practice Statement 1 - Nature-related Disclosures exposure draft sets out proposals to help companies provide material information to investors about nature-related risks and opportunities, including material information about how their dependencies and impacts on nature give rise to those risks and opportunities.