ISSB Sustainability Disclosure Standards Welcomed

Shanny Basar
ISSB Sustainability Disclosure Standards Welcomed

Market participants have welcomed the first proposed sustainability disclosure standards from the International Sustainability Standards Board.

ISSB was established at COP26 to develop a comprehensive global baseline of sustainability disclosures for capital markets and has launched a consultation on its first two proposed standards. One sets out general sustainability-related disclosure requirements and the other specifies climate-related disclosure requirements.

The proposals build upon the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD) and incorporate industry-based disclosure requirements derived from SASB Standards.

The CFA Institute, a global association of investment professionals, highlighted that the US Securities and Exchange Commission has also proposed climate-related disclosures:

Mindy Lubber, chief executive of Ceres, a sustainability non-profit working with investors and companies:

International Organization of Securities Commissions:

AFME, which advocates for European financial markets:

Mark Carney, UN Special Envoy on Climate Action and Finance:

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