International Sustainability Standards Board (ISSB) standards launched

Hannah Prosser
Communications Consultant
26.06.2023
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Today marks the launch of the inaugural ISSB standards IFRS S1 & S2, being put in place to help to enhance the comparability and reliability of climate-related reporting. The standards create a common language for disclosing the effect of climate-related risks and opportunities on a company’s prospects.

Simon Wood and Faith Ward of Brunel will be in attendance at the international launch activity. Faith Ward had to following to say;

“I am proud to have contributed to the development of the ISSB standards, launched globally today.

The establishment of these standards marks a significant milestone in advancing sustainability disclosure and climate reporting standards. With increasing market demand for high-quality, globally comparable information on sustainability, the launch of these standards supports the needs of investors and financial markets to create with its comprehensive global baseline of sustainability disclosures.”

About the Standards

IFRS S1 provides a set of disclosure requirements designed to enable companies to communicate to investors about the sustainability-related risks and opportunities they face over the short, medium and long term. IFRS S2 sets out specific climate-related disclosures and is designed to be used with IFRS S1. Both fully incorporate the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD).

 

Image by Google DeepMind

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