Stock exchanges welcome new ISSB Standards; UN SSE announces related capacity building activities

27 June 2023

Stock exchanges are holding launch events around the world to introduce their markets to these new standards.

The International Sustainability Standards Board (ISSB) this week launched two inaugural sustainability disclosure standards to meet the information needs of capital market participants, one focused on general disclosure requirements and one focused on climate-related disclosures. Stock exchanges are holding launch events around the world to introduce their markets to these new standards. The SSE is supporting the launch of the ISSB Standards through a collaboration with the IFRS Foundation to provide training and guidance for capital market participants on the new standards. “For many years, stock exchanges, market participants, regulators and policy makers have been calling for higher quality sustainability reporting. Today we welcome the IFRS Foundation’s ISSB standards as an important milestone in promoting globally harmonized sustainability reporting. We look forward to working with the IFRS Foundation and SSE Partner Exchanges to further facilitate the adoption and implementation of these standards,” said Anthony Miller, Chief Coordinator, UN SSE.  Exchanges can enhance the level of ESG disclosure and performance and contribute to more sustainable capital markets that are oriented towards long-term value creation. Many stock exchanges are supporting their markets to enhance transparency and ESG disclosures through numerous activities, with 84 exchanges currently providing training on ESG-related topics and 71 exchanges providing written guidance on ESG disclosure.  Stock exchanges supporting ISSB launch  This week, through live and live-streamed events in multiple languages, stock exchanges are playing an important role in disseminating the new standards. Exchange events include two events in Europe on 26 June with Deutsche Boerse Group and the London Stock Exchange (LSE) opening markets together with ISSB. LSE’s live-streamed ISSB Standard launch in collaboration with IFRS Sustainability was hosted by Emmanuel Faber, Chair of the ISSB, Julia Hoggett, CEO of London Stock Exchange and Arne Staal, CEO, FTSE Russell. The event also includes panel discussions with Baroness Penn, HM Treasury Lords Minister; David Atkin, CEO of PRI; Eelco van der Enden, CEO of GRI; Sue Lloyd, Vice-Chair of the ISSB; Mardi McBrien, Chief of Strategic Affairs and Capacity Building, IFRS; Sacha Sadan, Director of ESG, FCA; Liz Fernando,CIO, NEST; and Andreas Barckow,Chair, IASB. Deutsche Boerse Group opened markets on Monday also with a celebration of the ISSB Standards launch, with Stephan Leithner, member of the Deutsche Boerse Executive Board opening the event and a discussion from members of the ISSB Board and operating staff. ...

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