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Items tagged with "ISSB"

Australia delays digital climate reporting, embraces alignment with ISSB standards

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.

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ISSB finalises global sustainability disclosure standards in major milestone

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.

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World Economic Forum and ISSB collaborate to share early sustainability reporting insights

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.

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ISSB seeks feedback to enhance international applicability of SASB 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.

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Hong Kong Exchange explores mandatory ISSB disclosures

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.

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G7 urges mandatory climate-related financial disclosures

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.

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ISSB considers phased approach to sustainability reporting with climate taking centre stage

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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IASB launches climate-related risk project

The International Accounting Standards Board (IASB) has started a new project exploring how climate-related risk can be better outlined in financial statements.

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Key takeaways from the IFRS Sustainability Symposium

Last month the IFRS Foundation hosted the IFRS Sustainability Symposium in Montreal, outlining what’s next for sustainability reporting and the International Sustainability Standards Board (ISSB).

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ISSB standards move to final drafting stage

Last week The International Sustainability Standards Board (ISSB) voted on the technical substance of its sustainability standards. With the content of the standards fully agreed, the ISSB can now move onto the final stage in preparation: drafting. A January 2024 implementation date for Sustainability Disclosure Standards S1 and S2 was also agreed during the meeting.

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