ISSB – International Sustainability Standards Board.
The ISSB aims to develop a global set of sustainability reporting standards that would provide a common framework for organizations to disclose their environmental, social, and governance (ESG) performance.
These standards would help enhance transparency, comparability, and consistency in sustainability reporting, making it easier for investors, stakeholders, and the public to assess organizations’ non-financial performance.
The ISSB is proposed to operate alongside the International Accounting Standards Board (IASB), which develops International Financial Reporting Standards. The intention is to create a comprehensive reporting system that encompasses both financial and sustainability information.
It’s important to note that developments related to the ISSB, and global sustainability reporting standards may have occurred since my last update. I recommend checking official sources, such as the IFRS Foundation’s website, for the most up-to-date information on this topic.