Strong support for ISSB at IOSCO roundtables
11 May 2021
To support its work on securities issuers’ sustainability-related disclosures, the International Organization of Securities Commissions (IOSCO) hosted two roundtables in April and May 2021. The objective was to engage in a dialogue with global stakeholders on IOSCO’s priorities to enhance the reliability, comparability and consistency of sustainability-related disclosures and collect views on the practical implementation of a global system architecture for these disclosures.
Participants of the roundtables emphasised the importance of continuing the pace and building on the existing momentum to deliver the urgent improvements needed in sustainability reporting and especially supported establishing an International Sustainability Standards Board (ISSB) under the IFRS Foundation. There was a clear willingness among participants to work collaboratively with IOSCO and the IFRS Foundation to deliver this vision. There was also broad-based agreement that, building on existing initiatives, the ISSB would be able to deliver high-quality international sustainability-related reporting standards in a timely manner. Roundtable participants also identified some important matters for IOSCO to consider before recommending to its members that ISSB standards be used for cross-border offerings or when setting sustainability reporting requirements at the domestic level.
A report of the key messages received during the roundtables is now available on the IOSCO website.
