News

A Pivotal Moment to Tackle Some of Society’s Biggest Challenges

Guest post by John McCalla-Leacy, Head of Global ESG at KPMG

The news agenda is filled with discussions about the climate crisis and the business world’s response to ESG challenges. We hear leaders – from the political and business worlds – full of great intentions. However, transforming enthusiasm into impactful action is often the biggest blocker to much needed change.

A climate standard will play a major role in the ISSB’s announcements this week and rightly so, but it’s reassuring to see that the ‘S’ in ESG has also played its part in motivating the organization’s strategy.

Read the full article here.

Ten things to know about the first ISSB Standards

Better information leads to better economic decisions. IFRS S1 requires companies to communicate the sustainability-risks and opportunities they face over the short, medium, and long term. The requirements are designed to ensure that companies provide investors information relevant to decision-making. IFRS S2 sets out specific climate-related disclosures and is designed to be used with IFRS S1. Both Standards are based on recommendations of the Task Force on Climate-related Financial Disclosures (TCFD).

Issuing these Standards is just the starting point. The ISSB is consulting on future priorities to help determine what comes next. We welcome your feedback before the consultation closes on 1 September 2023.

Read the full article here.

The IFRS's International Sustainability Standards Board (ISSB) website has a variety of articles that can be sorted by topics, including Sustainability.

View the ISSB news page.