Talking ESG: Inside look at the ISSB's launch of final standards

#ISSB's #S1 #S2 Standards Revolutionize Sustainability Reporting Key Takeaways:

Finalization of ISSB's S1 and S2 standards marks a significant step in standardized global sustainability reporting.
S1 and S2 standards aim for inclusivity, catering to entities of varying sophistication across global economies.
Shift towards industry-specific disclosures allows for more relevant, investor-focused information.

Further Insights

Significance: The completion of ISSB's S1 and S2 sustainability reporting standards addresses the market's demand for a global reporting baseline, focusing initially on climate-related disclosures.
Challenges & Accomplishments: Achieving the rapid development and release of these standards was challenging, particularly considering the newly formed ISSB board and the simultaneous consultation processes in different jurisdictions.
Global Baseline: These standards aim to streamline the 'alphabet soup' of sustainability reporting, offering a global baseline to support consistent and comparable investor decision-making.
US Implications: While primarily global, the standards have significant implications for US companies, suggesting the importance of adopting global reporting practices for sustainability.
Next Steps for ISSB: Post-launch, the ISSB plans to expand beyond climate, exploring standards related to biodiversity, human capital, and potentially more integrated reporting with financial statements.

Closing Thoughts: With S1 and S2 now setting the scene, the conversation shifts towards how entities worldwide will adopt these standards and the kind of impact it will have on sustainability reporting and investment decisions. How ready is the global marketplace for these changes?