ISSB to set global baseline of sustainability disclosures
The International Sustainability Standards Board (ISSB) has launched the process of consultation on its first two proposed standards. One sets out general sustainability-related disclosure requirements and the other specifies climate-related disclosure requirements.
The proposed standards set out requirements for disclosure of material information about a company’s significant sustainability-related risks and opportunities, necessary for investors to assess its enterprise value.
The ISSB is seeking feedback on the proposals over a 120-day consultation period closing on 29 July 2022. It will review feedback on the proposals in the second half of 2022 and aims to issue the new standards by the end of the year, after taking the feedback into consideration.