International Sustainability Standards Board (ISSB)

#ISSB Chair Emmanuel Faber took a trip to the Bloomberg TV studios in London on Tuesday morning, where he was interviewed live on The Pulse with Francine Lacqua. In the interview, he says there will soon be an added cost for economies and companies that don't join the sustainability reporting and disclosure framework created by the ISSB. Watch the full interview here: https://lnkd.in/eZPxD7Gf

The Trustees of the IFRS Foundation have appointed Michel Madelain as Managing Director of the IFRS Foundation. Michel is an experienced and highly regarded leader. He previously served as President and Chief Operating Officer of Moody’s and is a former partner of EY France. Michel knows the IFRS Foundation well; he served as a Trustee of the IFRS Foundation from 2018 to 2023. Michel is appointed for a two-year term, starting in September. We look forward to welcoming him! Find out more: https://lnkd.in/e2h2v2eW   #IFRS #IASB #ISSB  International Accounting Standards Board (IASB) International Sustainability Standards Board (ISSB)

📢 Over 300 people attended today’s Capacity-building Alliance of Sustainable Investment (CASI) event, where Arthur Yuen, Dept Chief Exec of Hong Kong Monetary Authority (HKMA) gave a keynote address. The event was co-hosted by the Institute of Finance and Sustainability (IFS), HKMA Infrastructure Financing Facilitation Office (IFFO), and the The University of Hong Kong.🌏 📢 Arthur mentioned that HKMA has been looking to address the core issues of standards, data, and know-how, with special attention to capacity-building following the roll-out of the Hong Kong Taxonomy for Sustainable Finance. 🌏 📢 Arthur also discussed how HKMA have been working extensively to encourage ideas and solutions to create an enabling environment with robust support to identify and manage #climaterisks.🌏 📢Teresa Ko, Vice Chair, IFRS Foundation discussed why #ISSB standards should be used: building on existing frameworks, responsiveness to investor demands, harmonizing & consolidating to reduce duplication & disclosure costs, strategic information disclosure, & interoperability. 🌏 📢 Teresa discussed that two new areas: #biodiversity & #ecosystem, and human capital, have been getting a lot more attention. 🌏 #sustainableinvestment #sustainablefinance #capacitybuilding #greenfinance #biodiversityfinance #sustainabilitydisclosure

Today, IFC - International Finance Corporation and IFRS Foundation have signed a Memorandum of Understanding to improve sustainability and climate reporting in emerging markets and developing economies. This strategic partnership aims to enhance transparency and drive standardisation in sustainable finance. Find out more: https://lnkd.in/eQyegTwT #ISSBStandards #IFRSsustainability

On Monday, we were pleased to celebrate the first anniversary of the launch of the International Sustainability Standards Board (ISSB) S1 and S2 standards, as part of London Climate Action Week. Watch this video to view the highlights of the event, and click to learn more about how LSEG is participating in #LCAW2024: https://lseg.group/4eG507G #SustainableFinance #SustainableGrowth IFRS Foundation

Many companies will be required or will choose to disclose information about their sustainability-related risks and opportunities using both #ISSB Standards and #ESRS.    The IFRS Foundation, the European Commission and EFRAG achieved a high degree of alignment of climate-related disclosures between ISSB Standards and ESRS, but compliance with one set of standards does not ensure compliance with the other.    To help companies, the IFRS Foundation and EFRAG have published interoperability guidance, which:  📖 Explains the alignment; 📖 Provides practical support that explains how a company can comply with both sets of standards; 📖 Includes detailed analysis of climate-related disclosures; and 📖 Explains why companies still need to refer to the standards, but makes it easier to navigate doing so.    Find out more below about the key takeaways from the interoperability guidance.    Access the ESRS–ISSB Standards Interoperability Guidance: https://lnkd.in/dE5KNHeZ 📺 You will be able to hear more about the interoperability guidance in an upcoming webcast. To receive updates on the webcast, sign in to your IFRS account, go to your dashboard and choose to follow 'Applying IFRS sustainability standards': https://lnkd.in/eb4WUZhS     #IFRSsustainability #ISSB #ISSBstandards #interoperability

Yesterday, as part of London Climate Action Week, the #ISSB held an event with the Deloitte Academy. The event brought together leaders from the ISSB, Global Reporting Initiative (GRI), CDP, Taskforce on Nature-related Financial Disclosures (TNFD) and Greenhouse Gas Protocol (GHG Protocol). Panellists shared insights about the progress made to harmonise the sustainability disclosure landscape as the ISSB delivers a global baseline of sustainability-related financial disclosures. They also discussed how continued collaboration will enable companies to better communicate information about sustainability-related risks and opportunities to investors.  Speakers included:  - Emmanuel Faber, ISSB Chair  - Sue Lloyd, ISSB Vice-Chair - Eelco van der Enden, CEO of GRI - Nicolette Bartlett, Chief Impact Officer of CDP - Emily McKenzie, Technical Director of TNFD - Peter Bakker, President and CEO of the WBCSD – World Business Council for Sustainable Development Moderated by: Veronica Poole, Deloitte Global IFRS and Corporate Reporting Leader

And that’s a wrap! Thank you to all our speakers and attendees at this year’s IFRS Foundation Conference 2024 👏   Here’s a peek at some of the ISSB-related breakout sessions we held at the conference:  (Picture 1) Implementation of IFRS S1 and IFRS S2, led by ISSB Member Veronika Pountcheva and ISSB Technical Staff–S1 Lead Sundip Jadeja. They discussed how the ISSB is supporting the implementation of the ISSB Standards through key areas such as advancing its capacity-building programme, developing educational material and maintaining the SASB Standards.    (2&3) The ISSB’s work plan, led by ISSB Member Richard Barker and ISSB Technical Staff Charlotte Lush. This session focused on the priorities of the #ISSB over the next two years following its recent Consultation on Agenda Priorities. #IFRSConference24

The IFRS Foundation Conference concludes with an interactive Q&A session where attendees are engaging directly with IASB Chair Andreas Barckow, IASB Vice-Chair Linda Mezon-Hutter and ISSB Members Richard Barker and Veronika Pountcheva. The board members are answering questions on a wide range of topics including on connectivity between the IASB and ISSB, implementation of IFRS S1 and S2 and the voluntary nature of IFRS 19. #IFRSConference24

Yesterday, the #ISSB shared a number of developments in strategic relationships with:  🤝 Transition Plan Taskforce (TPT)  🤝 Greenhouse Gas Protocol (GHG Protocol)  🤝 CDP  🤝 Taskforce on Nature-related Financial Disclosures (TNFD) 🤝 Global Reporting Initiative (GRI)    Find out more below about these developments below and read the full announcement here: https://lnkd.in/eHG3hwup    #IFRSsustainability