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ISSB seeks to further harmonize sustainability disclosure landscape
Publication date: 24 Jun 2024
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ISSB seeks to further harmonize sustainability disclosure landscape
On June 24, Emmanuel Faber, International Sustainability Standards Board (ISSB) Chair, spoke about its new two-year work plan. He highlighted the organization’s plans to further harmonize and consolidate the disclosure landscape, specifically on transition plans, in response to market demand.
Additional plans include:
• A memorandum of understanding (MoU) between the Greenhouse Gas Protocol (GHG Protocol) and the IFRS Foundation to guide future work and collaboration between the GHG Protocol and ISSB
The MoU aims to have the ISSB actively engaged in updates and decisions made in relation to the GHG Protocol Corporate Standard. This includes the appointment of a representative of the ISSB as an observer on the GHG Protocol Independent Standards Board.
• A partnership with Global Reporting Initiative (GRI) to jointly identify and align common disclosures on an entity’s impacts, risks, and opportunities to meet the needs of both investors and a broader range of stakeholders
The ISSB also plans to continue working with and considering recommendations from other organizations, such as the Taskforce on Nature-related Financial Disclosures (TNFD).
On June 24, Emmanuel Faber, International Sustainability Standards Board (ISSB) Chair, spoke about its new two-year work plan. He highlighted the organization’s plans to further harmonize and consolidate the disclosure landscape, specifically on transition plans, in response to market demand.
Additional plans include:
• A memorandum of understanding (MoU) between the Greenhouse Gas Protocol (GHG Protocol) and the IFRS Foundation to guide future work and collaboration between the GHG Protocol and ISSB
The MoU aims to have the ISSB actively engaged in updates and decisions made in relation to the GHG Protocol Corporate Standard. This includes the appointment of a representative of the ISSB as an observer on the GHG Protocol Independent Standards Board.
• A partnership with Global Reporting Initiative (GRI) to jointly identify and align common disclosures on an entity’s impacts, risks, and opportunities to meet the needs of both investors and a broader range of stakeholders
The ISSB also plans to continue working with and considering recommendations from other organizations, such as the Taskforce on Nature-related Financial Disclosures (TNFD).
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