The statement calls for commitment from relevant authorities across jurisdictions to adopt IFRS S1 and IFRS S2 on an economy-wide basis by 2025. In the signatories' view, ensuring that disclosure frameworks use or incorporate the ISSB standards is a natural next step to build on existing progress and prompt entities to report material information on climate and other sustainability-related risks and opportunities.

The signatories expect that this will bring significant benefits to economies. Providing consistent sustainability information will help entities attract international capital, as the financial sector increasingly integrates sustainability into investment and financing strategies. For the many entities that operate across multiple jurisdictions, having consistent disclosure standards internationally will reduce their overall reporting burden.

Please click to access the statement on the PRI website.