In a significant boost for comparable, usable sustainability data, The International Organization of Securities Commissions (IOSCO) has given its stamp of approval to the International Sustainability Standards Board’s (ISSB) Standards after a thorough review.
In a recent letter addressed to G20 Finance Ministers and Central Bank Governors, the Financial Stability Board (FSB) notes that it is intensifying its efforts to address climate-related financial risks by working closely with the International Organization of Securities Commissions (IOSCO) to support the roll out of the International Sustainability Standards Board (ISSB) final standards.
The International Financial Reporting Standards (IFRS) Foundation is taking over monitoring companies’ progress in climate-related disclosures.
The Australian government has initiated a second consultation seeking input on the implementation of standardised climate-related financial disclosures in the country. The goal is to closely align these requirements with the recently published standards from the International Sustainability Standards Board (ISSB), promoting global comparability.
As you may well have heard, the International Sustainability Standards Board (ISSB) has published the final version of its first-ever standards, IFRS S1 and IFRS S2, marking a significant milestone in sustainability-related disclosures across global capital markets.
The World Economic Forum (WEF) and the International Sustainability Standards Board (ISSB) have joined forces to establish the Forum ISSB Preparers Group. Comprised of experienced sustainability reporting professionals, the group plans to provide practical examples and best practices for adopting ISSB standards.
The International Sustainability Standards Board (ISSB) is calling for comments on its proposed methodology to enhance the international applicability of the Sustainability Accounting Standards Board (SASB) Standards. The consultation period is now open and will remain open for comments, preferably by online survey, until 9 August 2023.
The Hong Kong Stock Exchange (HKEX) has proposed making climate related disclosures mandatory for all issuers, requiring reporting using the International Sustainability Standards Board (ISSB) standards, from 1 January 2024.
At the recent G7 Ministers’ Meeting on Climate, Energy and the Environment in Sapporo, Japan, the G7 climate and environment ministers called for the implementation of mandatory climate-related financial disclosures. The move is seen as necessary to help achieve global climate goals and accelerate sustainable finance.
While we wait for the much-anticipated initial two standards from the International Sustainability Standards Board (ISSB), set to be released in Q2 2023, the board is considering additional transitional relief to support companies who will be implementing Standards S1 and S2.
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