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G20 supports IFRS Foundation sustainable standard-setting

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01 Nov 2021

The Group of 20 (G20) has released its G20 Leaders' Declaration from the G20 Leaders' summit held in Rome on 30-31 October 2021.

Generally, the declaration stresses that sustainable finance is crucial for promoting orderly and just transitions towards green and more sustainable economies and inclusive societies, in line with the 2030 Agenda for Sustainable Development and the Paris Agreement. On the setting of sustainable disclosure standards, the declaration notes:

We also welcome the work programme of the International Financial Reporting Standards Foundation to develop a baseline global reporting standard under robust governance and public oversight, building upon the FSB’s Task Force on Climate-Related Financial Disclosures framework and the work of sustainability standard-setters.

Please click to access the full G20 Leaders' Declaration on the G20 website.

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