Bridge over ocean

Endgame: Will the ISSB become the comprehensive global baseline for sustainability disclosure?

  1. Josina Kamerling
  2. Sue Lloyd
  3. Nicolai Lundy
  4. Martin Moloney
  5. Thierry Philipponnat
  6. Alicia Rubi, CFA

Investors from around the world are increasingly more demanding higher quality reporting on ESG information to ensure it is comparable, consistent, and comprehensive. To address this need, in November 2021, the IFRS announced the creation of a new standard-setting board, the International Sustainability Standards Board (ISSB). To support ongoing rationalization of the sustainability disclosure landscape, CDSB and the Value Reporting Foundation – which houses the Integrated Reporting Framework and SASB Standards – also agreed to consolidate into the ISSB. This new board is called to develop – in the public interest – a comprehensive global baseline of high-quality sustainability disclosure standards to meet investors’ information needs.

From now until July 29, 2022, the ISSB is seeking feedback on two proposed standards, with the goal of issuing new standards by the end of 2022, subject to the feedback. The first proposed standard encompasses general sustainability-related disclosure requirements, while the second addresses climate-related disclosure requirements.

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