Standard-setters voted Thursday to write new corporate reporting rules covering nature-related risks to financial performance.
The rules would be the third set of global environmental, social, and governance reporting standards from the International Sustainability Standards Board.
All 12 members of the board voted in favor of crafting rules covering biodiversity, ecosystems, and ecosystem services, subject to formal board approval. The board has been researching whether to write new standards covering nature and human capital, or whether the subjects were covered by an existing requirement that companies report on all sustainability topics that are material, or financially relevant, to their business. ...