Jurisdictions representing over half the global economy by GDP advance towards ISSB Standards

Jurisdictions representing over half the global economy by GDP advance towards ISSB Standards

Major economies based on gross domestic product (GDP) have announced steps to use the ISSB Standards or to fully align their sustainability disclosure standards with those of the ISSB. More than 20 jurisdictions have decided to use or are taking steps to introduce ISSB Standards in their legal or regulatory frameworks.
The IFRS Foundation has released the Inaugural Jurisdictional Guide for the adoption or other use of ISSB Standards (Guide) to support jurisdictions in designing and planning their adoption or other use of ISSB Standards. The publication is aimed to help the establishment of the global baseline of sustainability disclosures for capital markets.
The IFRS Foundation has also published its Regulatory Implementation Programme, summarising the tools, educational materials and capacity building the IFRS Foundation intends to provide to support the growing number of jurisdictions seeking to make policy decisions and design and execute their roadmaps for the adoption or other use of ISSB Standards.
The press release is available at the link.