Earlier today, the International Sustainability Standards Board (ISSB) released its first standards: the General Requirements for Disclosure of Sustainability-related Financial Information (S1) and the Climate-related Disclosures (S2)!
These global standards will accelerate regulatory efforts on sustainability, provide a common framework for reporting, and improve the usability and transparency of sustainability disclosures. Both S1 and S2 fully incorporate the TCFD recommendations and have considered feedback from over 1000 consultation responses.
Several jurisdictions such as the UK and Japan have already pledged to adopt the ISSB's standards and many more are expected to follow.
https://www.ifrs.org/issued-standards/ifrs-sustainability-standards-navigator/
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Béatrice Desjardins-Méthé
Legal Counsel
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