African ministers support the ISSB’s work and see potential in early adoption

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13 Sep 2022

Following a meeting of African Ministers of Finance, Economy and Environment, a communiqué has been released that also comments on the work of the International Sustainability Standards Board (ISSB) and the potential that would come with an early adoption of its standards in Africa.

The communiqué states:

We [...] support the work of the International Sustainability Standards Board (ISSB) to introduce a global baseline of sustainability disclosures to meet the needs of capital markets, which will enhance transparency, accountability, efficiency and comparability across market. Early adoption by African jurisdictions and companies has the potential to attract more investment and to boost private sector development in Africa. We urge the ISSB to work closely with African stakeholders and to provide strong advisory and capacity building support to achieve early adoption of the ISSB standards in Africa.

Please click to access the full communiqué on the United Nations Economic Commission for Africa website.

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