IOSCO has engaged extensively with the ISSB over the last two years during the development of IFRS S1 and IFRS S2, culminating in a comprehensive and independent review of the final standards. After a detailed analysis, IOSCO has determined that the ISSB standards are appropriate to serve as a global framework for capital markets to develop the use of sustainability-related financial information in both capital raising and trading and for the purpose of helping globally integrated financial markets accurately assess relevant sustainability risks and opportunities.

IOSCO now calls on its 130 member jurisdictions, regulating more than 95% of the world's financial markets, to consider ways in which they might adopt, apply or otherwise be informed by the ISSB standards within the context of their jurisdictional arrangements, in a way that promotes consistent and comparable climate-related and other sustainability-related disclosures for investors.

In a statement by the Chair of the IFRS Foundation Trustees, Erkki Liikanen noted that, '[w]e owe a debt of gratitude to IOSCO, and to its Chair Jean-Paul Servais, for recognising the importance of unifying behind these Standards. They will enable investors to factor sustainability-related risks and opportunities into their decision making'.

The following additional information is available on the IOSCO website:

• Press release
• Endorsement Decision
• Endorsement Technical Assessment
• Presentation used by the IOSCO Chairman during the announcement
• Links to social media activity

The IFRS Foundation has responded with a press release and by publishing a high-level roadmap providing transparency around the IFRS Foundation and the ISSB’s strategy to support jurisdictional adoption.