Tag: ISSB

A step forward for nature reporting

Stuart Mitchell

Given the prevalence of nature and biodiversity themes highlighted during COP30 in Brazil, GRI supports the recent announcement by the IFRS Foundation that the International Sustainability Standards Board (ISSB) will develop incremental disclosure requirements on nature-related risks and opportunities. These ISSB nature-related standard setting efforts will draw from the recommendations of the Taskforce on Nature-related Financial Disclosures (TNFD). Over the past three years, GRI and the TNFD have worked closely together to support the development of each other’s activities, including TNFD recommendations, metrics and guidance, and the revised GRI 101…

Read More

IOSCO’s GEM Committee launches a dedicated Network to support its members in the adoption or other use of ISSB Standards

Stuart Mitchell

The International Sustainability Standards Board (ISSB) is delighted to welcome and support the International Organization of Securities Commission’s (IOSCO) launch of its Growth and Emerging Markets (GEM) Committee Network for Adoption or Other Use of ISSB Standards. The announcement marks a significant step towards supporting the adoption or other use of the IFRS Sustainability Disclosure Standards (otherwise known as ISSB Standards) in jurisdictions represented in IOSCO’s GEM Committee. The initial cohort of members, representing 31 jurisdictions, accounts for the majority of emerging market jurisdictions’ market capitalisation (90% of BRICS market capitalisation)…

Read More

ISSB issues inaugural global sustainability disclosure standards

Stuart Mitchell

The International Sustainability Standards Board (ISSB) has issued its inaugural standards—IFRS S1 and IFRS S2 —ushering in a new era of sustainability-related disclosures in capital markets worldwide. The Standards will help to improve trust and confidence in company disclosures about sustainability to inform investment decisions. And for the first time, the Standards create a common language for disclosing the effect of climate-related risks and opportunities on a company’s prospects. The Standards will be officially launched by ISSB Chair Emmanuel Faber at the IFRS Foundation’s annual conference today and through a…

Read More