Search within this section
Select a section below and enter your search term, or to search all click News
Favorited Content
Updates on the International Sustainability Standards Board (ISSB)
Publication date: 25 Jul 2023
us News
International Sustainability Standards Board (ISSB) updates
The International Organization of Securities Commissions (IOSCO) announced this week that it will endorse the IFRS Sustainability Disclosure Standards that the ISSB issued in June. IOSCO has now called on its 130 member jurisdictions, regulating more than 95% of the world's financial markets, to consider ways in which they might adopt, apply, or otherwise be informed by the ISSB standards in their jurisdictions.
In addition, the IFRS Foundation published a comparison between the recommendations from the Task Force for Climate-related Financial Disclosures (TCFD) and the requirements in the ISSB’s climate disclosure standard (IFRS S2). IFRS S2 encompassess all the recommendations published by the TCFD plus some additional requirements. Companies that apply the IFRS Sustainability Disclosure Standards will therefore meet the TCFD recommendations.
The International Organization of Securities Commissions (IOSCO) announced this week that it will endorse the IFRS Sustainability Disclosure Standards that the ISSB issued in June. IOSCO has now called on its 130 member jurisdictions, regulating more than 95% of the world's financial markets, to consider ways in which they might adopt, apply, or otherwise be informed by the ISSB standards in their jurisdictions.
In addition, the IFRS Foundation published a comparison between the recommendations from the Task Force for Climate-related Financial Disclosures (TCFD) and the requirements in the ISSB’s climate disclosure standard (IFRS S2). IFRS S2 encompassess all the recommendations published by the TCFD plus some additional requirements. Companies that apply the IFRS Sustainability Disclosure Standards will therefore meet the TCFD recommendations.
PwC. All rights reserved. PwC refers to the US member firm or one of its subsidiaries or affiliates, and may sometimes refer to the PwC network. Each member firm is a separate legal entity. Please see www.pwc.com/structure for further details. This content is for general information purposes only, and should not be used as a substitute for consultation with professional advisors.
Link copied
