The International Sustainability Standards Board (ISSB) has issued its inaugural standards -IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information and IFRS S2 Climate-related Disclosures – ushering in a new era of sustainability-related disclosures in capital markets worldwide.
The Standards will, says the ISSB, help to improve trust and confidence in company disclosures about sustainability to inform investment decisions.
And for the first time, the Standards create a common language for disclosing the effect of climate-related risks and opportunities on a company’s prospects.
ISSB said it is looking forward to working with jurisdictions and companies to support adoption and implementation.
ISSB chair, Emmanuel Faber, explained: “Today represents the outcome of more than 18 months of intense work to deliver an inaugural set of sustainability disclosure standards for the global capital markets. The ISSB Standards have been designed to help companies tell their sustainability story in a robust, comparable, and verifiable manner.”
You can find out more about the two Standards below, and access them on our website using the new IFRS Sustainability Standards Navigator: https://lnkd.in/eu9zjxMf
