G7 issues statement on climate disclosures and ISSB’s work
Oct 12, 2022
On October 12, 2022, the G7 Finance Ministers and Central Bank Governors released a statement underlining economic climate actions and its commitment "to move towards mandatory climate-related financial disclosures that provide consistent and decision-useful information for market participants and [it welcomes] the global baseline of sustainability reporting standards currently under development by the International Sustainability Standards Board (ISSB)".
In particular, the G7 stated that ‘support for the global baseline has the potential to improve information and thus mobilise finance for the needed investments, particularly in emerging and developing economies’ and advises the ISSB to work with regional standard setters and local stakeholders during the advisory period.
Review the press release on the G7 presidency's website.
