A Step Forward on Sustainability- and Climate-Related Disclosure Standards

The ISSB has released draft sustainability- and climate-related disclosure guidelines that will provide a global ‘baseline’ for future requirementsIndustry-specific requirements largely follow SASB, although the financial sector has seen expectations rise for its financed and facilitated emissions reporting, which is reflected in the draft standard going beyond the SASB standard last updated in 2018Improving disclosures, particularly relating to financial institution financed emissions, need to be concise and contextualised, and be able to scale up collection and assurance of the data.

Newly released draft standards from the International Sustainability Standards Board (ISSB) for sustainability and climate disclosures aim to provide a global baseline for sustainabil...