IFRS: G20 looks forward to ISSB’s finalised standards

18 October 2022

he G20 Finance Ministers and Central Bank Governors met in Washington. Members noted the need for globally consistent data to effectively address climate risk and welcomed the efforts of the International Sustainability Standards Board (ISSB) to achieve an interoperable global baseline:

We look forward to the finalization of standards by the International Sustainability Standards Board in support of globally consistent, comparable and reliable climate-related financial disclosures, and its work beyond climate, and we welcome the efforts to achieve interoperability across disclosure frameworks.

The ISSB is currently considering the feedback received to its consultations on its first two proposed IFRS Sustainability Disclosure Standards, one setting out general sustainability-related disclosure requirements and one setting out specific climate-related disclosure requirements.

The ISSB will be discussing the interoperability of its standards with jurisdictions’ requirements, among other topics, at its public meeting this week, and will seek to make key decisions on its proposed standards and future work.

IFRS

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