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Wednesday 29 May 2024
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IFAC published

IFAC published

Joint Statement from the IAASB and IESBA Chairs on the ISSB’s New Jurisdictional Adoption Guide

New evidence came today of the global momentum toward sustainability disclosure. The International Sustainability Standard Board (ISSB) released a new guide to help jurisdictions adopt its sustainability reporting standards, S1 and S2, and announced that more than 20 jurisdictions have indicated plans to incorporate these standards into their legal or regulatory frameworks. These jurisdictions collectively represent nearly 55% of global GDP and more than 30% of global market capitalization.

Commenting on the release of the guide and the new data, Tom Seidenstein and Gabriela Figueiredo Dias, IAASB and IESBA Chairs, respectively, said, “On behalf of our Boards, we congratulate the ISSB on the release of its new adoption guide, which will help jurisdictions navigate the adoption journey and promote necessary consistency and quality for sustainability disclosure. As the IAASB and IESBA continue to progress our proposed standards on sustainability assurance and an ethics framework for sustainability reporting and assurance, we welcome all initiatives aiming at building the necessary capacity and understanding to achieve a consistent application of sustainability related standards, including assurance and ethics standards. Our collective goal is to strengthen stakeholders’ trust and confidence in disclosures.”

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