IFRS Sustainability Symposium’s key takeaways
Mar 06, 2023
On February 17, 2023, the International Sustainability Standards Board (ISSB) hosted a Sustainability Symposium in Montreal where more than 1,000 people from 45 countries gathered to discuss what’s next for investor-focused sustainability disclosure. Seven key takeaways from the symposium stood out.
The key takeaways include:
- The ISSB Standards are nearing issuance (expected by Q2 2023).
- SASB Standards are a practical tool to implement S1 and S2 and will be supported for at least four years.
- Global comparability remains paramount.
- Jurisdictions are actively considering the ISSB Standards.
- Capacity building is critical to the ISSB’s success. The ISSB has pledged to publish guidance recognizing that companies have different levels of preparedness and capability to apply S1 and S2.
- Work to advance integrated reporting remains underway.
- There is growing support for sustainability disclosures in the private sector.
Review the press release on the IFRS Foundation’s website.
