International Sustainability Standards Board (ISSB)’s Post

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 #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 #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 #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

#ISSB & #ESRS Interesting news for companies navigating the world of #sustainability reporting! The #IFRS Foundation and EFRAG have published guidance outlining the level of alignment between the ISSB standards (IFRS S1 and IFRS S2) and the ESRS. (link in comments) This guidance breaks down the level of alignment into four sections: 1. General reporting requirements: Sets out level of alignment on materiality, presentation and disclosures on sustainability topics other than climate. 2. Common climate-related disclosures: Illustrates level of interoperability on climate-related disclosure requirements. 3. ESRS to IFRS S2: Information an entity reporting under ESRS needs to know to also comply with ISSB standards. 4. IFRS S2 to ESRS: Information an entity reporting under the ISSB standards needs to know to also comply with the ESRS. #SSB vicechair Sue Lloyd notes that this guidance will be a practical tool for companies looking to #comply with both sets of #standards. Stay informed and stay ahead in your #sustainability reporting efforts! Reach out to our #ESG Experts LucaNet and our #partners for further guidance. #IFRSFoundation #EFRAG #ESRS #ISSB #sustainabilityreporting #guidance #interoperability.

Many companies will be required or will choose to disclose information about sustainability-related matters using both #ISSB Standards and #ESRS.      The ISSB bilaterally engaged with the European Commission and EFRAG, in parallel to the development of the ISSB Standards and ESRS.      This engagement focused on:   ⏩ Where disclosure requirements could be aligned and alignment of definitions ⏩ Where disclosure requirements were unique to either set of standards; and ⏩ How to align key concepts.      Due to this work, the IFRS Foundation, the European Commission and EFRAG achieved a high degree of alignment of climate-disclosure requirements in ESRS and ISSB Standards. Alignment helps reduce duplication in reporting, complexity and fragmentation, to help provide decision-useful sustainability-related information for investors.    However, compliance with one set of standards does not automatically ensure compliance with the other.      👉 Find out more about the high-degree of alignment, particularly on climate, and how to comply with both sets of standards in the ESRS–ISSB Standards Interoperability Guidance:  https://lnkd.in/dE5KNHeZ        #IFRSsustainability #ISSBstandards #interoperability