Tagging for sustainability reporting

The ISSB has published its digital sustainability taxonomy, to help investors analyse sustainability disclosures more efficiently.

The International Sustainability Standards Board (ISSB) has today published the IFRS Sustainability Disclosure Taxonomy (ISSB Taxonomy), fulfilling its promise to enable investors and other capital providers to analyse sustainability-related financial disclosures efficiently.

Use of the ISSB Taxonomy by companies will enable investors to search, extract and compare sustainability-related financial disclosures as ISSB establishes its global baseline of Standards.

The Taxonomy reflects IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information, IFRS S2 Climate-related Disclosures and their accompanying guidance. The Taxonomy has been developed to help support dialogue between companies and investors and it neither introduces new requirements nor affects a company’s compliance with the Standards. Informed by market feedback, the Taxonomy will enable companies to consistently tag information prepared using ISSB Standards.

Designed to be consistent with the IFRS Accounting Taxonomy so that companies can provide a holistic digital financial reporting package to investors, the ISSB Taxonomy can also be used with other digital taxonomies.

In May, the IFRS Foundation will publish a webcast that explains the role of the ISSB Taxonomy and its benefits.

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Published 30 April, 2024