International Sustainability Standards Board: Difference between revisions

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(ISSB).
(ISSB).


The ISSB is a proposed body to set IFRS sustainability standards.
The ISSB was established in November 2021 to set IFRS sustainability standards.




:<span style="color:#4B0082">'''''International ESG reporting standards'''''</span>
:<span style="color:#4B0082">'''''International ESG reporting standards'''''</span>


:"Europe is leading the way on ESG standard setting, but it is hoped a globally accepted set of ESG standards will be imminent.  
:"The intention is for the ISSB to deliver a comprehensive global baseline of sustainability-related disclosure standards that provide investors and other capital market participants with information about companies’ sustainability-related risks and opportunities to help them make informed decisions."


:The International Financial Reporting Standards Foundation is currently consulting on constitutional changes to set up an International Sustainability Standards Board."
:''About the International Sustainability Standards Board.''
 
:''The Treasurer magazine, Issue 3, September 2021, p21''




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:The large-scale adoption of International Financial Reporting Standards (IFRS), their familiarity and widely accepted credibility makes the expected ISSB launch a significant event that could facilitate widespread and consistent sustainability disclosures across sectors, although their efficacy would depend on ISSB standards’ final form and their implementation by regional and national authorities."
:The large-scale adoption of International Financial Reporting Standards (IFRS), their familiarity and widely accepted credibility makes the expected ISSB launch a significant event that could facilitate widespread and consistent sustainability disclosures across sectors, although their efficacy would depend on ISSB standards’ final form and their implementation by regional and national authorities."


:''Fitch Wire, September 2021, p21''
:''Fitch Wire, September 2021, p21.''




== See also ==
== See also ==
* [[Conceptual framework]]
* [[Conceptual framework]]
* [[Environmental, social and governance]]  (ESG)
* [[ESG transition]]
* [[Financial Reporting Standard]]  (FRS)
* [[Financial Stability Board]]
* [[Financial Stability Board]]
* [[G20]]
* [[G20]]
* [[IAS]]
* [[Generally accepted accounting principles]]  (GAAP)
* [[IFRS]]
* [[IFRS Foundation]]
* [[International Accounting Standards]]
* [[IFRS S1]]
* [[International Accounting Standards Board]]
* [[IFRS S2]]
* [[International Financial Reporting Standards]] (IFRS)
* [[IFRS Sustainability Disclosure Standards]]
* [[IFRS Sustainability Disclosure Taxonomy]]
* [[International Accounting Standards]] (IAS)
* [[International Accounting Standards Board]]  (IASB)
* [[International Financial Reporting Interpretations Committee]]
* [[International Financial Reporting Standards]] (IFRS)
* [[International Financial Reporting Standards Foundation]]
* [[International Financial Reporting Standards Foundation]]
* [[International GAAP]]
* [[Not-for-profit]]
* [[Not-for-profit]]
* [[Sustainability]]
* [[Sustainability]]
* [[Sustainability Standards Board of Japan]]  (SSBJ)
* [[World Bank]]
* [[World Bank]]




==External link==
==Other resources==
*[https://www.ifrs.org/groups/international-sustainability-standards-board/#about International Sustainability Standards Board - about us]
*[https://www.fitchratings.com/research/corporate-finance/issb-could-help-unify-fragmented-sustainability-standards-17-09-2021 ISSB could help unify fragmented sustainability standards]
*[https://www.fitchratings.com/research/corporate-finance/issb-could-help-unify-fragmented-sustainability-standards-17-09-2021 ISSB could help unify fragmented sustainability standards]


[[Category:Accounting,_tax_and_regulation]]
[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:Identify_and_assess_risks]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Manage_risks]]
[[Category:Risk_reporting]]
[[Category:Risk_frameworks]]
[[Category:Risk_frameworks]]
[[Category:Risk_reporting]]
[[Category:The_business_context]]

Latest revision as of 21:41, 3 August 2024

Financial reporting - sustainability - International Financial Reporting Standards (IFRS).

(ISSB).

The ISSB was established in November 2021 to set IFRS sustainability standards.


International ESG reporting standards
"The intention is for the ISSB to deliver a comprehensive global baseline of sustainability-related disclosure standards that provide investors and other capital market participants with information about companies’ sustainability-related risks and opportunities to help them make informed decisions."
About the International Sustainability Standards Board.


ISSB could help unify fragmented sustainability standards
"The proposed International Sustainability Standards Board (ISSB) could prompt consolidation in the disclosure of financially material sustainability information by corporates and financial institutions within a globally accepted framework, Fitch Ratings says.
The large-scale adoption of International Financial Reporting Standards (IFRS), their familiarity and widely accepted credibility makes the expected ISSB launch a significant event that could facilitate widespread and consistent sustainability disclosures across sectors, although their efficacy would depend on ISSB standards’ final form and their implementation by regional and national authorities."
Fitch Wire, September 2021, p21.


See also


Other resources

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