On 31st January 2022, the Climate Disclosure Standards Board (CDSB) was consolidated into the IFRS Foundation to support the work of the newly established International Sustainability Standards Board (ISSB). While this site and its resources remain relevant for preparers looking to improve sustainability disclosure until such time as the ISSB issues its IFRS Sustainability Disclosure Standards on such topics, no further work or guidance will be produced or published by CDSB. For further information please visit the IFRS website.

Enhancing nature-related financial disclosures in mainstream reports across Europe and beyond

This four-year EU-funded LIFE FinACTION project (developed in 2018 and commenced in June 2019) supports the transition to a low carbon and environmentally sustainable financial system by improving the corporate climate change and natural capital information available in mainstream reports to investors globally.

What outcome does CDSB seek through the project?

This project aims to support report preparers in creating a paradigm shift across Europe and globally in the quality and quantity of decision-useful information to investors on four core elements of natural capital:

Natural Capital


Evidence & technical outputs

Reporting analysis

  • Review of 50 annual reports (years 1,2&4);
  • Evidence for policymaking;
  • Feedback to companies; and
  • Examples of good practice.

Enhancing nature-related financial disclosures in mainstream reports

  • Building on the experiences and approaches taken to climate-related financial disclosures to date;
  • Bringing rigour to corporate natural capital reporting;
  • Better information to investors; and
  • Broad stakeholder outreach.

Corporate capacity development


  • Formal learning to support report preparers;
  • CPD accredited;
  • Aimed at corporate practitioners & accountants.

Workshops & events         

  • In-person and online;
  • Focus on practical implementation;
  • Based on real-life examples;
  • Tailored to companies, wider stakeholders and regulators.


  • Governance;
  • Water;
  • Land use & biodiversity;
  • Good practice examples.

Policy capacity development

Regulator engagement

  • EU & Member State levels
  • Roadmaps & briefings
  • Evidence
  • Policy recommendations

Supervisor engagement

  • EU & Member State levels
  • Roadmaps & briefings
  • Evidence-based policy recommendations
  • Examples from other jurisdictions

With the contribution of the LIFE Programme of the European Union

The content of this page is the sole responsibility of the author and can under no circumstances be regarded as reflecting the position of the European Union