IOSCO advances Global Sustainability Disclosures Agenda with enhanced Capacity Building Initiatives

28 May 2024

Meeting the challenges of consistent sustainability disclosures was a key topic atIOSCO’s Presidents Committee Meeting, attended by representatives from all 130member-jurisdictions.

Jean-Paul Servais, Chair of IOSCO’s Board, commented: “It is encouraging that over
the past year, we have seen several jurisdictions take regulatory initiatives in line with
IOSCO’s endorsement of the ISSB Standards. Yet, we recognise that this journey may
be challenging, particularly for many emerging markets who will require the most
assistance as they consider implementing sustainability reporting standards. To build
awareness and understanding, IOSCO has strengthened its collaboration with the ISSB
and initiated a new partnership with the World Bank to assist jurisdictions as they
consider their pathways to adoption.”

At the IOSCO Presidents’ Committee meeting, Emmanuel Faber, Chair of the
International Sustainability Standards Board (ISSB), unveiled the ISSB Standards
Adoption Guide, which provides valuable insights for jurisdictions as they consider
adopting, applying, or otherwise being informed by those Standards. The Adoption
Guide published by the ISSB is expected to be a crucial addition to the toolkit available
as they navigate their approaches to ISSB Standards and was a key IOSCO demand as
it endorsed the Standards in July 2023.

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