July 27, 2023
In June, the International Sustainability Standards Board (ISSB) published its inaugural disclosure rules, which are intended to become the global climate and sustainability reporting baseline. The standards fully incorporate the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), the voluntary climate reporting framework released in 2017. The release of these standards positions the ISSB as the primary authority on climate-related disclosures, signaling a transition away from the TCFD. This shift was further highlighted when the Financial Stability Board recently requested that the IFRS Foundation, the parent organization of the ISSB, assume responsibility for monitoring corporate progress on climate disclosures.
With the ISSB now at the center of climate and sustainability reporting, many organizations are wondering what it means for their disclosure practices going forward. In this webinar, our climate experts Louie Woodall and Olena Kholodova discuss why the change is significant, how companies should respond, and what to expect in the coming years as more climate disclosure regulation takes effect.