The International Sustainability Standards Board, or ISSB, aims to integrate various existing sustainability frameworks to create a unified set of standards that can be applied internationally. The objective of the ISSB is to present a comprehensive baseline of sustainability-related disclosure standards that meets the information needs of investors. These standards aim to provide consistent, comparable and reliable sustainability information that can be integrated with jurisdiction-specific requirements.
By setting a global baseline for sustainability reporting, the ISSB aims to enhance the quality and comparability of sustainability disclosures, reduce the reporting burden on companies, and meet the growing demand for transparent and reliable sustainability information from investors and other stakeholders. The future of sustainability and ESG reporting exists in the ability to adapt and evolve with emerging ESG issues, align with global frameworks, and develop sector-specific guidelines.
