Katie Schmitz Eulitt, INSEAD MBA, GCB.D’s Post

As investors call for voluntary application of the #ISSB Standards in the absence of regulatory requirements, we have published a guide to help companies. The guide aims to: 📖 encourage companies to start using ISSB Standards; 📖 help companies communicate their voluntary application journey to investors; and 📖 assist companies to provide investors with decision-useful, globally comparable information. Find out what ISSB Investor Advisory Group Chair Carine Smith Ihenacho said about the demand for using ISSB Standards below. 🔗 👇 Access the guide via the link in the comments.

We are pleased to share that Jonathan Bailey, Global Head of #ESG and #Impact #Investing at Neuberger Berman, has been named the new Vice Chair of the International Sustainability Standards Board (ISSB) Investor Advisory Group (IIAG), which is committed to improving the quality and comparability of sustainability-related #financial disclosures. Read more here: https://lnkd.in/gAWDtkmU

🌏 To International Sustainability Standards Board (ISSB) or not to #ISSB? 🌍 In our latest blog, Legal & General Investment Management (LGIM) #investmentstewardship team calls for regulators to act with pace in addoption of #ISSB Standards. #communication 💬 is key. Clear and unambiguous communication between companies and investors is essential for improving access to global capital markets. While some may view #ISSB adoption at the national level as unnecessary red tape, we see it as an opportunity for streamlined and enhanced corporate communication. Read more: https://lnkd.in/gEeKH5bW Over the last few months, we've actively participated in consultations in #Japan Sustainability Standards Board of Japan（SSBJ）and #SouthKorea Korea Sustainability Standards Board (KSSB). We’re also thrilled by the recent announcements from Australian Accounting Standards Board and SGX Group introducing mandatory sustainability and climate disclosures starting in 2025. Catherine Ogden Aina Fukuda Toby MacKean Kate Lim Alexander Burr #LGIMASIA #investmentstewardship #sustainability #climateaction #publicpolicyengagement

How can a manufacturer in a capital-intensive industry exposed to climate-related transition risks report the effect of its climate-related transition plan on its financial statements?    📝 The #IASB recently published eight illustrative examples to help companies better communicate in their financial statements how climate-related and other uncertainties affect their financial position and performance.      🏭 Example 1 explores a scenario where a manufacturer in a capital-intensive industry faces climate-related transition risks.  To manage these risks, the manufacturer develops a climate-related transition plan. It discloses information about the plan in a general purpose financial report outside financial statements, including detailed information on reducing greenhouse gas emissions over the next 10 years.     🔍This example demonstrates how a company makes materiality judgements in the context of financial statements, potentially leading to additional disclosures about the effect (or lack of effect) of its transition plan in those financial statements. To learn more, read our Exposure Draft in full via link in comments.   💬 We are seeking your input. Share your feedback with us by 28 November 2024.     #FinancialStatements #PublicConsultation #IASBExposureDraft #IFRSAccounting #Climate #Manufacturing #Materiality