Further international harmonisation for sustainability reporting

ISSB announces further harmonisation of the sustainability disclosure landscape as it embarks on its new work plan.

Coinciding with London Climate Action Week, the ISSB has announced:

Developments in strategic relationships between ISSB and each of the Transition Plan Taskforce (TPT), GHG Protocol, CDP, Taskforce on Nature-related Financial Disclosures (TNFD) and Global Reporting Initiative (GRI); and
the ISSB Feedback Statement as it embarks on its new two-year work plan.

The ISSB will streamline and consolidate frameworks and standards for transition plan disclosures, assuming responsibility for the disclosure materials developed by the UK TPT that will be housed on the IFRS Sustainability Knowledge Hub. These materials will then be used to develop educational materials by tailoring them to ensure global applicability and to deliver full compatibility with IFRS S2.The IFRS Foundation and GHG Protocol have also signed a Memorandum of Understanding to ensure ongoing compatibility between their work and to ensure that the information provided meets the needs of the capital markets. The two year plan also confims that the ISSB will consider how to build upon the TNFD recommendations to meet the information needs of investors as it embarks on its research project on biodiversity, ecosystems and ecosystem services.

Read the press release here: IFRS - ISSB delivers further harmonisation of the sustainability disclosure landscape as it embarks on new work plan.

Published 27 June, 2024