April 12, 11am ET
A global standard for climate-related disclosures is no longer a pipedream. In February, the International Sustainability Standards Board (ISSB) announced that final climate- and sustainability-related disclosure requirements will be published in June this year, and made effective starting from January 2024. These have the potential to become the “global baseline” for sustainability reporting the world over.
The draft standards cleave closely to the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), the world’s leading framework for climate-related reporting. Any information required under the climate-related and general sustainability-related standards would have to be disclosed as part of a company’s “general purpose financial reporting.” It would also have to be verifiable, meaning it would stand up to an auditor’s scrutiny.
In this webinar, we will discuss the ISSB disclosure standards, debate the points of comparison and contrast with the TCFD recommendations, and explore how the standards can facilitate the harmonization of sustainability- and climate-related reporting across jurisdictions.