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29 Aug 2023

International Sustainability Standards Board (ISSB) issues first sets of sustainability disclosure standards


The IFRS Foundation announced the creation of the International Sustainability Standards Board (ISSB) at the 2021 United Nations Climate Change Conference COP 26. Its aim is to develop global standards for sustainability-related disclosures.

In March 2022, the ISSB published the first two Draft Standards for consultation: IFRS S1: General Requirements for Disclosure of Sustainability-related Financial Information and IFRS S2: Climate-related Disclosures . Civil society organisations, including the Business and Human Rights Resource Centre, called for impact data, Paris-aligned targets and transition plans as well as a holistic approach to sustainability.

In June2023, the ISSB issued the first two sets of IFRS® Sustainability Disclosure Standards.

From May to September 2023, the ISSB sought feedback on its priorities for its next two-year work plan. Further information is available below.