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Talking ESG: What's inside the final ISSB standards
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- ESG Insights
#IFRS Standards Pave #Sustainability Reporting Key Takeaways:
- Start gathering sustainability disclosure information now, despite grace periods.
- IFRS standards set to become global baseline for voluntary sustainability reporting.
- Interoperability among standards enhances transparency and comparability for investors.
Further Insights
Grace Period: Given a year's grace for certain disclosures under RS 1 and scope 3, companies urged to begin data collection immediately for eventual mandatory sharing.
Global Baseline: The IFRS sustainability disclosure standards, issued in June, aim to serve as a worldwide foundation for voluntary reporting, with adoption expected to accelerate.
SASB Incorporation: The new standards integrate SASB guidelines, enhancing the specificity and relevance of disclosures for various industries.
Closing Thoughts: With the IFRS standards poised to redefine sustainability reporting, how will businesses adapt to ensure their disclosures meet these evolving benchmarks for transparency and accountability?
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