Declaration of support to advance the adoption or use of the ISSB’s climate-related reporting
04 Dec 2023
Almost 400 organisations from 64 jurisdictions have signed a declaration of support to advance the adoption or use of the climate-related reporting of the International Sustainability Standards Board (ISSB) at a global level. The declaration from companies, investors, stock exchanges, the accountancy profession, multilaterals, non-governmental organisations, universities, data analytics providers, corporate advisors and others was announced at COP28, currently taking place in Dubai, United Arab Emirates.
The press release quotes the following statement from the declaration of support:
Climate risks are increasingly having a real effect on companies and capital. Therefore—in response to calls for climate action at COP28—we support the establishment of market infrastructure to enable consistent, comparable climate-related disclosures at a global level. We are committed to advancing the adoption or use of the ISSB’s Climate Standard as the climate global baseline.
In addition to the signatories, the International Organization of Securities Commissions (IOSCO) and the Financial Stability Board of the G20 reiterated the support they brought on the announcement of the creation of ISSB at COP26, joined again by the International Monetary Fund (IMF), Organisation for Economic Co-operation and Development (OECD), United Nations entities, the World Bank and the Asian Development Bank.
The ISSB’s key partners in the sustainability disclosure landscape including the Global Reporting Initiative (GRI), CDP and the Taskforce on Nature-related Financial Disclosures (TNFD) also reaffirmed their support for the work of the ISSB. The ISSB continues to work closely with these partners to reduce market fragmentation in the sustainability disclosure landscape.
Please click for:
- Press release on the IFRS Foundation website
- Access to the list of signatories on the IFRS Foundation website
