IOSCO endorses the IFRS Sustainability Disclosure Standards
130 IOSCO members regulating more than 95% of the world's financial markets called to consider adoption and implementation.
2023-07-30
Published by investESG
Unsurprisingly yet nevertheless very encouragingly, the International Organization of Securities Commissions (IOSCO) has officially endorsed the IFRS Sustainability Disclosure Standards IFRS S1 (on general sustainability-related disclosures) and IFRS S2 (on climate-related disclosures).
IOSCO is now calling on its 130 members, which regulate more than 95% of the world's financial markets, to consider ways in which to adopt and implement these standards in their own jurisdictions. The IFRS Foundation simultaneously released its Jurisdictional journey to implementing IFRS S1 and IFRS S2—Adoption Guide overview, which is an outline to a future Adoption Guide to support jurisdictions in their adoptions of IFRS S1 and IFRS S2.
These are important developments in the process of making the IFRS Sustainability Disclosure Standards mandatory, which are necessary to making sustainability-related information widely available, comparable, and reliable. It's always important to keep in mind that standards by themselves are not mandatory, however they are necessary to having comparable and externally assured disclosures. This is exactly what we’re seeing emerge in the European Union with the CSRD/ESRS.
More insights from "investESG"
-
Published by investESG
2024-05-28
Closing the global biodiversity funding gap is addressing systemic challenges | Emine Isciel
INSIGHT by Emine Isciel, Head of Climate and Environment at Storebrand and co-chair of the Finance…
-
Published by investESG
2024-05-23
Can we trust the numbers behind ESG? | Richard Hardyment
INSIGHT by Richard Hardyment, the author of the book ‘Measuring Good Business: Making Sense of…
-
Published by investESG
2024-05-15
Negative lobbying by the world’s largest automakers is putting global climate targets at risk | InfluenceMap
INSIGHT by InfluenceMap…
Related insights
-
Published by Global Reporting Initiative
2024-05-24
GRI and IFRS Foundation collaboration to deliver full interoperability that enables seamless sustainability reporting
In response to market demand, the two organizations will work together to optimize how GRI and ISSB…
-
Published by Global Reporting Initiative
2024-05-22
Understanding the new naming system of the GRI Standards
Updates in the naming convention of revised and new Standards for easier and more intuitive…
-
Published by Global Reporting Initiative
2024-05-15
Making the Corporate Sustainability Reporting Directive accessible for all
New ‘CSRD Essentials’ series explains the EU's mandatory sustainability reporting requirements…
Related insights
-
Published by investESG
2024-05-03
ESRS–ISSB Standards Interoperability Guidance released | IFRS
INSIGHT by the IFRS…
-
Published by Global Reporting Initiative
2024-03-21
Enhancing transparency in the Latin American oil and gas sector
An analysis of opportunities and challenges in climate disclosure…
-
Published by Global Reporting Initiative
2024-03-11
Voluntary disclosure policies lead global sustainability agenda
Major growth in sustainability and ESG policies revealed in latest Carrots & Sticks report…
Related insights
-
Published by investESG
2024-05-03
ESRS–ISSB Standards Interoperability Guidance released | IFRS
INSIGHT by the IFRS…
-
Published by Global Reporting Initiative
2024-04-30
GRI joins the Alliance for Sustainable Enterprises
Leadership role for the development of a sustainability reporting framework for small and medium…
-
Published by investESG
2024-02-16
New methodology for studies on sustainability-related investments across Europe | Eurosif
INSIGHT by Eurosif…
Related insights
-
Published by Global Reporting Initiative
2024-05-24
GRI and IFRS Foundation collaboration to deliver full interoperability that enables seamless sustainability reporting
In response to market demand, the two organizations will work together to optimize how GRI and ISSB…
-
Published by Global Reporting Initiative
2024-05-22
Understanding the new naming system of the GRI Standards
Updates in the naming convention of revised and new Standards for easier and more intuitive…
-
Published by Global Reporting Initiative
2024-05-15
Making the Corporate Sustainability Reporting Directive accessible for all
New ‘CSRD Essentials’ series explains the EU's mandatory sustainability reporting requirements…