Corporate Nature Reporting Won’t Get Global Standard, Just Guide

Global standard-setters for corporate sustainability reporting plan to offer voluntary guidance on how to disclose the financial impact of nature-related issues such as biodiversity loss, deciding not to press ahead with a mandatory reporting standard.

All 14 members of the International Sustainability Standards Board voted Wednesday against drafting a formal standard for nature reporting, saying it would be too much work for companies already trying to adopt the board’s first two sets of disclosure rules. Instead, it will issue draft proposals by October for a so-called practice statement that companies can follow if they choose.

About 40 jurisdictions—including Europe, ...