FSB will work with ISSB and IOSCO to promote wide use of the ISSB standards
13 Jul, 2023
Ahead of their meeting on 17-18 July 2023, a letter of the Chair of the Financial Stability Board (FSB) was submitted to G20 Finance Ministers and Central Bank Governors outlining the work the FSB is undertaking to tackle current financial stability issues.
The letter notes that there is a growing focus on the risks that climate change could pose to financial stability. In that context, the letter notes:
The FSB welcomes the recent publication of the International Sustainability Standards Board (ISSB)’s final standards, which will serve as a global framework for sustainability disclosures and, when implemented, will enable disclosures by different companies around the world to be made on a common basis. The FSB will work with the ISSB, IOSCO and other relevant bodies to promote the timely and wide use of the standards.
Please click to access the full letter on the FSB website.
