GRI and IFRS Foundation collaboration to deliver full interoperability

GRI and IFRS Foundation collaboration to deliver full interoperability

In response to market demand, the two organisations plan to work together to optimise how GRI and ISSB Standards can be used together. Specifically, the International Sustainability Standards Board (ISSB) and the Global Sustainability Standards Board (GSSB) made a commitment to jointly identify and align common disclosures that address information needs under the distinct scopes and purposes of their respective standards, for both thematic and sector-based standard-setting.

First outcome of the collaboration will include building a methodology pilot on the recently published GRI 101 Biodiversity Standard and the ISSB’s upcoming project on Biodiversity, Ecosystems and Ecosystem Services.
More details are available at the link.