World Economic Forum forms group to support adoption of International Sustainability Standards
06 Jun 2023
The World Economic Forum (WEF) has announced the establishment of a Forum ISSB Preparers Group, comprising corporate leaders with expertise in sustainability reporting. The group aims to provide insights and practical examples to the ISSB following the release of its first sustainability standards later this month.
This collaboration builds upon the Forum’s Stakeholder Metrics initiative and previous work with the IFRS Foundation. To formalize the partnership, a Memorandum of Understanding (MoU) was signed between the WEF, ISSB, and the IFRS Foundation.
The Preparers Group, consisting of up to 20 senior preparers of corporate reporting, will provide feedback and insights on the feasibility, practicability, and potential need for further guidance regarding the ISSB Standards. The focus will be on building capacity among companies to ensure widespread and high-quality adoption of these standards.
For more information, see the press release on the WEF’s website.
