Who’s on board? A guide to global sustainability standard adoption
Deloitte’s IFRS Global Office has recently published a comprehensive update on where countries around the world stand with adopting the ISSB’s new sustainability standards. Released on 8 November 2024, this overview breaks down, in an easy-to-follow table, the status of each jurisdiction’s adoption journey, including timelines, approaches, assurance requirements, and the types of entities affected by the standards.
The ISSB’s IFRS S1 and IFRS S2 standards, introduced in June 2023, offer a much-needed global baseline for sustainability disclosures, helping companies and investors speak the same language when it comes to climate and sustainability reporting. Following IOSCO’s endorsement in July 2023, more than 130 jurisdictions were encouraged to consider adopting the standards within their frameworks, supporting a much more consistent, comparable approach to sustainability reporting worldwide.
This Deloitte document is updated through 31 October 2024 and will be continuously refreshed to reflect the latest moves on the global stage. It’s a fantastic resource for anyone curious about which regions are leading the way and where consultation is still in progress.
For the full scoop on specific jurisdictions and implementation processes, check it out here.
