ISSB announces new Partnership Framework, CDP to incorporate ISSB climate standard into its disclosure platform
Nov 08, 2022
At the finance day of 27th United Nations Conference of the Parties (COP27), ISSB Chair Emmanuel Faber introduced the ISSB’s new Partnership Framework with more than 20 partner organizations. In addition, CDP and the ISSB announced that CDP will incorporate the IFRS S2 "Climate-related Disclosures" requirements into its global environmental disclosure platform.
Details on the new Partnership Framework, which is designed to support preparers, investors and other capital market stakeholders as they prepare to use IFRS Sustainability Disclosure Standards, are already available on the IFRS Foundation website, including a timeline for the five-year, three-phase effort.
The announcement that CDP and the ISSB have agreed that CDP will incorporate the IFRS S2 requirements into its disclosure platform means that CDP’s 17,000+ voluntary users will disclose data structured to IFRS S2 in the 2024 disclosure cycle as a step towards delivering a global baseline for capital markets through the adoption of ISSB standards.
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