Seven key takeaways from the IFRS Sustainability Symposium

6 March 2023

The International Sustainability Standards Board (ISSB) held a symposium on 17 February, attended by over 1,000 people from 45 countries.

Seven key takeaways emerged from the event.

  1. The board’s first two standards, S1 and S2, are set to be issued by Q2 2023.
  2. Industry-specific disclosures are required in each of the ISSB Standards, and companies that already use the Sustainability Accounting Standards Board (SASB) Standards will have a competitive advantage in applying the ISSB Standards.
  3. Global comparability remains essential.
  4. Jurisdictions are actively considering the ISSB Standards, and those that can manage the proportionality issue will move most quickly.
  5. Capacity building is critical to the ISSB’s success, particularly for smaller companies and those in emerging markets.
  6. Work to advance integrated reporting remains underway.
  7. The event brought together businesses, investors, policymakers, regulators, and other stakeholders in meaningful discussion about sustainability disclosure.

You can read the full article on the IFRS website here.

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