The ISSB Taxonomy will enable investors to search, extract and compare sustainability-related financial disclosures provided under the ISSB standards. The ISSB Taxonomy reflects IFRS S1, IFRS S2 and guidance accompanying the standards.

According to the press release, the ISSB Taxonomy has been developed to support the dialogue between entities and investors. It does not introduce new requirements nor does it affect an entity's compliance with the ISSB standards. Instead, the ISSB Taxonomy enables entities to consistently tag information prepared using ISSB standards.

The ISSB Taxonomy is consistent with the IFRS Accounting Taxonomy so that entities can provide a holistic digital financial reporting package to investors. However, the ISSB Taxonomy can also be used with other digital taxonomies.

Please click to access the ISSB Taxonomy via the press release on the IFRS Foundation website. 

Note: In a webinar released on 14 May 2024, ISSB Vice-Chair Sue Lloyd and ISSB staff member Tim Kasim introduce the ISSB Taxonomy, its key features, and its benefits for investors, companies and regulators. Please click here to access the webcast on the IFRS Foundation website.