Overview of the December 2024 Sustainability Consultative Committee meeting
Overview of the December 2024 Sustainability Consultative Committee meeting
The Sustainability Consultative Committee (SCC) meeting on 16 December 2024 highlighted the rapid global adoption of IFRS Sustainability Disclosure Standards, with over 30 jurisdictions integrating these standards, representing nearly 60% of global GDP.
Key milestones include the publication of a digital reporting taxonomy and the Inaugural Jurisdictional Guide for the adoption or other use of ISSB Standards. The meeting emphasised the importance of interoperability between IFRS and other standards like Global Reporting Initiative (GRI) and European Sustainability Reporting Standards (ESRS), aiming to streamline sustainability reporting. This collaboration will guide both the International Sustainability Standards Board (ISSB) and GRI in their work on biodiversity, human capital, and sector projects, with the goal of streamlining global reporting standards.
Collaborations with entities like the World Bank and UNEP were noted, focusing on supporting emerging markets.
The discussion also covered the need for educational resources and the role of international bodies in facilitating consistent adoption.
Meeting summary is available at the link.
Key milestones include the publication of a digital reporting taxonomy and the Inaugural Jurisdictional Guide for the adoption or other use of ISSB Standards. The meeting emphasised the importance of interoperability between IFRS and other standards like Global Reporting Initiative (GRI) and European Sustainability Reporting Standards (ESRS), aiming to streamline sustainability reporting. This collaboration will guide both the International Sustainability Standards Board (ISSB) and GRI in their work on biodiversity, human capital, and sector projects, with the goal of streamlining global reporting standards.
Collaborations with entities like the World Bank and UNEP were noted, focusing on supporting emerging markets.
The discussion also covered the need for educational resources and the role of international bodies in facilitating consistent adoption.
Meeting summary is available at the link.