IOSCO will roll out extensive capacity-building program on sustainability reporting
Sep 14, 2023
On September 14, 2023, The International Organization for Securities Commissions (IOSCO) released the transcript of a keynote address given by Jean-Paul Servais, Chair of the IOSCO Board, at the Eurofi 2023 Financial Forum in Santiago de Compostela.
Mr. Servais began his speech by noting that in June 2023, the ISSB published its inaugural set of sustainability-related disclosure standards and that in July 2023 IOSCO announced its decision to endorse the ISSB standards as fit for purpose for financial markets. Mr. Servais stressed:
“IOSCO’s endorsement decision calls on 130 member jurisdictions, which regulate more than 95% of the world's financial markets, to consider ways in which they might adopt, apply or otherwise be informed by the ISSB Standards.”
Finally, Mr. Servais noted that IOSCO will roll out an extensive capacity-building programme and will also put its weight behind the development, by 2024, of high-quality standards for assurance of sustainability-related information to enhance their trustworthiness.
Review the speech on the IOSCO website.