IOSCO to begin review of draft ISSB standards

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Mar 31, 2022

On March 31, 2022, in a statement welcoming the publication of the two draft ISSB standards on general requirements of sustainability reporting and on climate-related disclosures, the International Organization of Securities Commissions (IOSCO) outlines its plans for reviewing the draft standards, with a view to informing its potential endorsement of the final standards.

The statement notes that IOSCO’s endorsement of the final standards once these are issued by the ISSB would be a landmark in sustainable finance as it would support IOSCO members as they consider how to adopt, apply or be informed by the ISSB standards as the baseline for their own sustainable reporting requirements. Next steps IOSCO will take will be reviewing the draft standards and follow subsequent developments at the ISSB so that the potential endorsement of the final standards can follow quickly. The statement points out:

IOSCO has set up the structures needed to review the draft standards proposed by the ISSB and will continue to engage closely and constructively with the standards board throughout its review process. IOSCO is seeking to finalise its endorsement process shortly after the ISSB finalizes the standards.

Review the full statement on the IOSCO's website.

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