Whitepaper

Decoding ISSB

ESG Services

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 reporting exists in the ability to adapt and evolve with emerging ESG issues, align with global frameworks, and develop sector-specific guidelines.

Key Takeaways:

  • The International Sustainability Standards Board or ISSB was established in the year 2021 as a response to the growing need for consistent and comparable sustainability reporting standards across the world.
  • The ISSB standards enable companies to provide comprehensive sustainability information to global capital markets, thereby facilitating better investment decisions and promoting sustainable business practices.
  • Countries such as the U.K., Brazil, Canada, Mexico, Singapore, Hong Kong, and Japan are set to adopt several ESG frameworks integrated by the ISSB.
  • The ISSB is well-positioned to lead these efforts, ensuring that sustainability disclosures not only meet current requirements but also anticipate future demands.
  • With a focus on these areas, the ISSB can drive global efforts towards building a more sustainable and transparent business environment.

 

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