IFRS Sustainability Symposium’s key takeaways

  • ISSB (International Sustainability Standards Board) (blue) Image

06 Mar 2023

On 17 February, 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:

  1. The ISSB Standards are nearing issuance (expected by Q2 2023).
  2. SASB Standards are a practical tool to implement S1 and S2 and will be supported for at least four years.
  3. Global comparability remains paramount.
  4. Jurisdictions are actively considering the ISSB Standards.
  5. 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.
  6. Work to advance integrated reporting remains underway.
  7. There is growing support for sustainability disclosures in the private sector.

For more information, see the press release on the IFRS Foundation’s website.

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