The #ISSB was called on by the market and international policy makers to deliver an efficient reporting landscape, ending the alphabet soup of voluntary initiatives and meeting investor demand for decision-useful, comparable information. The ISSB remains committed to serving as an anchor in the sustainability disclosure landscape, working closely with partners around the world to drive efficiencies. We deliver this through: ⏫ Consolidation – of #SASB (SASB Standards), #TCFD, Climate Disclosure Standards Board #CDSB and Integrated Reporting materials. 🤝 Establishing the ISSB as the sister board of the International Accounting Standards Board (IASB) – making sure the ISSB Standards work especially well with the requirements of the #IASB, while useable alongside any generally accepted accounting principles. 🔗 Supporting connections – through tools such as the #IntegratedReporting Framework and the Management Commentary Practice Statement. ✔️ Interoperability – with Global Reporting Initiative (GRI) #GRI, #ESRS and the US SEC. 📊 Through the ISSB Standard’s climate-related standard is becoming a basis for other initiatives – such as CDP, the Basel Committee on Banking Supervision, and the International Public Sector Accounting Standards Board (IPSASB). ✳️ Driving harmonisation in the landscape – through a number of strategic relationships. Watch this video to find out more about the ISSB’s role. 👇 #ISSBStandards #IFRSSustainability

📢 Standardized environmental data is the backbone of the Paris Agreement. As governments gather in Baku for #COP29, CDP was delighted to share some updates on our collaborations with EFRAG and Global Reporting Initiative (GRI) and our efforts to streamline reporting and increase access to consistent, comparable data. With the International Sustainability Standards Board (ISSB)’s climate standard, IFRS S2, as CDP’s foundational baseline for climate disclosure, you might be wondering how it all fits together. You can find out more below ⬇️ As companies navigate a complex reporting landscape, CDP and our partners are aligned on the solution: “write once, use many”. The ethos behind CDP’s alignment is that companies are best served if they can continue to disclose once to CDP and have their data used by many capital market actors, customers, policymakers and more. This has led more than 24,800 companies to disclose IFRS S2-aligned data through CDP in 2024.

We welcome International Organization of Securities Commissions - IOSCO's support for finalisation of the International Standard on Sustainability Assurance (ISSA) 5000 by the International Auditing and Assurance Standards Board (IAASB). The IAASB approved ISSA 5000 in September 2024 and was welcomed by #ISSB Vice-Chair Sue Lloyd who said "Assurance enables investors to have confidence in the information they rely on to make investment decisions, including information companies provide by applying ISSB Standards. ISSA 5000 will be an important component of enabling companies to provide high-quality, comparable, decision-useful disclosures for investors."

Since the IFRS Foundation, United Nations Sustainable Stock Exchanges Initiative and IFC - International Finance Corporation announced their joint capacity building programme at COP28 in November 2023, over 12,000 market participants have been trained on climate-related disclosures. Read #ISSB Vice-Chair Jingdong Hua's quote below and more about the milestone here: https://lnkd.in/eqyfT6mr

The #ISSB is meeting on 20-21 November 2024 to discuss topics including: 🌍 Biodiversity, ecosystems and ecosystem services and Human capital; and 📊 Supporting implementation of IFRS S1 and IFRS S2. Find the agenda and watch live here: https://lnkd.in/eAY2Ye8H #IFRSMeetings

IOSCO welcomes today’s report from the IFRS Foundation that demonstrated global progress towards both mandated and voluntary corporate climate-related disclosure.  The report continues the work of the FSB’s Task Force on Climate Related Financial Disclosures (TCFD) . Jean-Paul Servais, Chair of IOSCO, said: "After calling for the establishment of the ISSB at COP26, IOSCO endorsed the first ISSB Standards shortly before COP28, calling on its members to adopt, apply, or be informed by them. We have since worked hand-in-hand with the ISSB to help jurisdictions in their implementation of IFRS Standards through our enhanced capacity building programme. These efforts are bearing fruit as demonstrated by the IFRS Foundation reporting to the FSB that 30 jurisdictions are now making progress towards introducing ISSB Standards in their legal or regulatory frameworks. We are on track to reach our objective of 130,000 companies eventually using ISSB-aligned disclosures. I also welcome ISSB’s analysis which illustrates that almost all those 30 jurisdictions see value in progressing on Scope 3 GHG emissions disclosure requirements." IFRS - New report sets out global progress towards both mandated and voluntary corporate climate-related disclosures: http://bit.ly/4hYsre7 Achieving Consistent and Comparable Climate-related Disclosures: 2024 Progress report - Financial Stability Board: https://bit.ly/48TqX0n

⛈️ With climate events becoming more frequent and severe, investors, risk managers and supervisors need high-quality, consistent and comparable information. But where do we stand with climate-related disclosures? Since we issued our report on promoting climate-related disclosures in 2021, progress has been significant. The publication by the International Sustainability Standards Board (ISSB) in 2023 of its two disclosure standards was a milestone achievement. Since then, global efforts have focused on supporting jurisdictions in using the ISSB Standards. Today, out of 24 FSB member jurisdictions surveyed: ✅ 19 report they have enacted regulations, issued guidelines or developed strategic roadmaps for climate-related disclosures, and ✅ 17 have set or proposed voluntary or mandatory disclosure requirements based on the ISSB Standards and the recommendations of the Task Force on Climate-related Disclosures (TCFD). ✅ Moreover, several jurisdictions have taken concrete steps towards assurance requirements. However, more work is needed to adopt globally consistent and comparable climate-related disclosures. For example, use of the ISSB Standards is particularly challenging for small- and medium-sized enterprises and for companies in emerging market and developing economies. The ISSB and other organisations are working to provide implementation support and capacity building. ▶️ Read more in our progress report released today: https://bit.ly/3Z2aOCu Our report includes summary findings from the IFRS Foundation’s Progress on Corporate Climate-related Disclosures, also released today. #FinancialDisclosures #FSB #ISSB #IFRS #TCFD #Greenwashing #COP29

A new report published by the IFRS Foundation sets out global progress towards both mandated and voluntary corporate climate-related disclosures. The IFRS Foundation also conducted a separated analysis on some key features of the 30 analysed jurisdictional frameworks that feature in the report. Find out more below or read the full report: https://lnkd.in/ejm4uyCj #ISSB

Join us for Episode 5 of our Perspectives on Sustainability Disclosure series: The state of assurance for sustainability disclosure. As companies prepare for assurance of their sustainability disclosures, we’ll dive into key developments and practical considerations with leading assurance and ISSB experts.   🗓 Date: 25 November 2024 (Monday) 🕑 Time: 14:00 - 15:00 CET 📍 Register here: https://lnkd.in/epsvXQMX   Our lineup of panellists includes: - Veronika Pountcheva, #ISSB Member - Tom Seidenstein, Chair, International Auditing and Assurance Standards Board (IAASB) - David Madon, Director of Sustainability, Policy & Regulatory Affairs, International Federation of Accountants (IFAC) - Robert Swiatowski, Partnership Manager, IFRS Foundation   Key discussion points include: - The current landscape of sustainability assurance - Insights into the new IAASB standard, ISSA 5000 - How assurance considerations shaped the #ISSBStandards - Comparing assurance for financial statements and sustainability-related information, focusing on GHG emissions - Challenges preparers face in assurance selection and tips for preparing disclosures #SustainabilityDisclosure #Assurance #Sustainability #ESG #GHGEmissions

The IFRS Foundation has published the Capacity Building Programme Activity Report for 2024, highlighting our work to support the adoption and implementation of IFRS Sustainability Disclosure Standards globally. The report highlights:  • Over 16,500 stakeholders trained through various initiatives.  • Expansion of our Partnership Framework to 44 organisations.  • Expansion of the IFRS Sustainability knowledge hub with over 260 resources.  • Our partnerships with global organisations such as the The World Bank, International Monetary Fund, and UN bodies and multilateral development banks. Looking ahead:  • Continued focus on supporting high-quality adoption or other use and implementation of #ISSBStandards.  • Development of new educational resources and training programs. Read the full report and find out more about the Partnership Framework for capacity building: https://lnkd.in/eAqMHZ4A #ISSB