International Sustainability Standards Board (ISSB)

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

The IFRS Foundation has published a new guide which aims to help companies understand how to report only climate-related information when applicable using #ISSB Standards. 👉 Find out more and access the guide: https://lnkd.in/eTQJy-4J

We are delighted to support International Organization of Securities Commissions - IOSCO as our capacity building partner in this initiative to support regulators in better understanding the #ISSB Standards and our regulatory implementation programme. Mark Manning & Dr Jarlath Molloy

Today from the #ISSB: Listen to ISSB Vice-Chair Sue Lloyd sharing an update from today’s board meeting in Frankfurt. The ISSB voted to propose targeted amendments to IFRS S2, mainly providing reliefs and clarification to existing requirements related to disclosures on greenhouse gas emissions. These proposed amendments will be open to public consultation with an exposure draft issued in the coming months. The decision highlights the ISSB’s responsiveness to stakeholder feedback which is at the heart of the board’s work. Today the ISSB also discussed its project on nature, building on past meetings considering the needs of investors and whether current disclosure practice is meeting those needs. In the spirit of connectivity, the ISSB also considered how IFRS Accounting Standards may reflect information related to nature and human capital in the financial statements. Access all the content from this week’s #ISSB meeting: https://bit.ly/4hAlr5V #ISSBStandards#IFRSSustainability

Take part in a stakeholder event on disclosures about transition plans and help inform the work of the #ISSB. The IFRS Foundation is seeking stakeholder input on a guidance document that aims to tailor the Transition Plan Taskforce (TPT) materials to ensure global applicability and deliver full compatibility with the ISSB Standards. We are looking for participants to take part in a virtual stakeholder event on Tuesday 25 February 2025. Find out more and how to register here: https://lnkd.in/eE6gu7B5

The ISSB has published a new educational webcast on proportionality mechanisms in the #ISSB Standards. In the webcast, ISSB member Ndidi, Dr Nnoli-Edozien and ISSB technical staff Martine Beaulieu explain what the proportionality mechanisms are and where companies can find them in IFRS S1 and IFRS S2. Ndidi and Martine also provide examples of how companies should use the proportionality mechanisms to apply specific requirements in ISSB Standards.  The ISSB has also made available a factsheet document, which provides an overview of the proportionality mechanisms and what is covered in the webcast. Find out more and watch the webcast: https://lnkd.in/gbq9YWgT

In Case You Missed It #ICYMI is a monthly series designed to highlight major IFRS Sustainability-related news items in a shareable, bite-sized video report. 📺 Learn more about the topics in the video: 🔹 New webpage and resources about connectivity between financial statements and sustainability-related financial disclosures: https://bit.ly/4az0bv5 🔹 IOSCO’s GEM Committee launches dedicated Network to support its members in the adoption or other use of ISSB Standards: https://bit.ly/4h53o85 🔹 IFRS Sustainability updates its public database of jurisdictional sustainability consultations: https://bit.ly/4h53BYV Get more insights! Those with free https://bit.ly/4gv4Qkk accounts (https://bit.ly/4gCskmK) can receive a longer, text-based version of this update up to a week earlier by selecting 'Applying Sustainability standards' in the IFRS Follows and notifications dashboard: https://bit.ly/4gIneW4 Engage and lead in sustainability disclosure with IFRS Sustainability resources: ✅ Join the IFRS Sustainability Alliance: https://bit.ly/3VKbHO2 ✅ Earn the FSA Credential: https://bit.ly/3Zc0O8N ✅ Embed IFRS S1, IFRS S2 and SASB Standards into products and services with IFRS Sustainability licensing: https://bit.ly/4gxQwqu

The first testing block of this year is open for the Fundamentals of Sustainability Accounting (FSA) Credential, the most advanced credential related to the #ISSB Standards. 📅 Register now to take the Level I exam in January or February: https://lnkd.in/eMp7d53v ✔️ More than 8,000 professionals representing 86 jurisdictions have earned their FSA Credential. Register today to join them and take the next step in your career! #ISSBStandards #FSACredential

The #ISSB is meeting on 29 January 2025 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/evrgiwxA #IFRSMeetings

🌏 – First trip of 2025 to Hong Kong SAR, where I have received a warm welcome from many stakeholders in the Asia-Pacific region involved in the implementation of new requirements for disclosures of sustainability-related risks and opportunities.   In 2024, the Hong Kong SAR Government launched its roadmap on sustainability disclosure, requiring large publicly accountable entities to apply the #ISSB Standards, providing a pathway for them to fully apply the Standards no later than 2028. The HKICPA has published HKFRS S1 and HKFRS S2 - in full alignment with ISSB Standards - to facilitate this reporting.   Thank you to everyone who took the time to meet and to facilitate fruitful engagement, including (but not limited to) the participants at the 2025 Asian Financial Forum (#AFF), the representatives of the Securities and Futures Commission (SFC), Hong Kong Institute of Certified Public Accountants (HKICPA) and Financial Services and the Treasury Bureau (FSTB). Your insights, dedication and collaboration made our discussions incredibly productive and inspiring. Thanks also to my colleagues Jialing Si and Bing Leng for facilitating this engagement.   🔗 – There have been many other jurisdictional developments about the adoption of ISSB Standards. To stay up to date with the latest news on jurisdictional sustainability consultations you can visit the #IFRS Foundation website: https://lnkd.in/eb7ggswg   Christopher Hui, Salina Yan, Joseph HL Chan, Julia Leung, @Cecilia Kwei   #IFRSSustainability #Teamwork #Collaboration