Centre for Sustainability and Corporate Governance Research (CSCG) at IIMA’s Post

🌍 Exciting developments in sustainability reporting! The International Sustainability Standards Board (ISSB) is taking bold steps to harmonize global standards for corporate climate transition plans and greenhouse gas emissions. Their latest initiatives, including assuming responsibility for the Transition Task Force framework and partnering with the GHG Protocol, aim to streamline reporting requirements and enhance transparency. These efforts are pivotal in providing clarity and consistency in sustainability disclosures, crucial for investors, companies, and regulators alike. Read more about ISSB’s impactful moves here: https://lnkd.in/emWY3F_v #SustainabilityReporting #ClimateAction #ESG #ISSB

The International Sustainability Standards Board (ISSB) moves to standardize reporting of climate transition plans and greenhouse gas (GHG) emissions. By enhance consistency and transparency across global sustainability disclosures, the initiative is part of a two year plan that aligns corporate strategies with climate goals: ✅ Unified Reporting Framework: The ISSB’s initiative offers a comprehensive framework for reporting on climate transition plans, reducing variability and enhancing comparability. ✅ Enhanced Transparency: Standardized GHG emissions reporting will enable stakeholders to assess corporate climate actions more effectively, driving accountability and informed decision-making. ✅ Strategic Alignment: Companies can better align their reporting practices with global standards, for smoother integration of sustainability goals into business strategy. Read more from ESG Today: https://lnkd.in/emWY3F_v #Sustainability #GHGEmissions #CorporateResponsibility #ISSB

More updates on Sustainability and GHG reporting curtesy of ESG Today: The IFRS Foundation International Sustainability Standards Board (ISSB) has announced a series of initiatives aimed at harmonizing sustainability reporting requirements. This includes a focus on disclosing climate transition plans and measuring greenhouse gas (GHG) emissions across the value chain. Here's a breakdown of the key points: -The ISSB will take over responsibility for the Transition Task Force disclosure framework, providing a gold standard for companies to develop and report on their climate transition plans. -The ISSB signed an agreement with the GHG Protocol to ensure compatibility between their GHG reporting standards. This will benefit companies seeking to measure, manage and report on their GHG emissions. -The ISSB is also working with other organizations like CDP, GRI, and TNFD to further streamline sustainability reporting. These efforts will lead to a more efficient and effective sustainability disclosure system for capital markets. #sustainability #climateaction #ESG #reporting Full Article: https://lnkd.in/etxApfCE

Question: will this ISSB reporting have clout (am hopeful but unconvinced)? "The IFRS Foundation’s International Sustainability Standards Board (ISSB) announced today a series of moves aimed at harmonizing sustainability reporting requirements for companies, with a focus on areas including disclosure of corporate climate transition plans and the measurement of greenhouse gas (GHG) emissions across the value chain." https://lnkd.in/effERiz4

📢 News Update in Sustainability Reporting! 🌿🌎 The International Sustainability Standards Board (ISSB) is making significant strides toward harmonizing sustainability reporting requirements for companies. Their latest moves focus on two critical areas: corporate climate transition plans and greenhouse gas (GHG) emissions measurement across the value chain1. 🌐 Key Highlights: Transition Task Force (TPT) Disclosure Framework: The ISSB will now oversee the TPT disclosure framework, which aims to provide a “gold standard” for companies to develop and report on their climate transition plans. This move supports the application of climate-related disclosures, including IFRS S2’s requirement for entities to disclose information if they have a transition plan. GHG Reporting Standards Alignment: The ISSB has signed an agreement with the GHG Protocol to ensure compatibility between their reporting standards. This step will reduce fragmentation in the market and enhance transparency. Foundational Baseline: The ISSB’s climate reporting standards (IFRS S2) serve as the foundational baseline for climate disclosure. Companies can now directly disclose IFRS S2-aligned climate data to stakeholders through platforms like CDP, benefiting investors, lenders, and buyers worldwide2. 🔗 Read more about this exciting development: ISSB Moves to Standardize Reporting on Climate Transition Plans, GHG Emissions 📰 #Sustainability #ClimateAction #ESG #GHG #ReportingStandards ISSB Moves to Standardize Reporting on Climate Transition Plans, GHG Emissions https://lnkd.in/etHJDvin

The IFRS Foundation’s International Sustainability Standards Board (ISSB) announced today a series of moves aimed at aligning sustainability reporting requirements, with a focus on disclosure of corporate climate transition plans and the measurement of greenhouse gas (GHG) emissions across the value chain. Will standardising see greater transparency?

ESG Update: The IFRS Foundation's International Sustainability Standards Board (ISSB) announced a major initiative to standardize sustainability reporting. Key areas of focus include corporate climate transition plans and greenhouse gas (GHG) emissions measurement across the value chain. As part of their new two-year work plan, the ISSB will take responsibility for the Transition Task Force disclosure framework and has signed an agreement with the GHG Protocol to ensure compatibility in GHG reporting standards. Read more: https://lnkd.in/gyeuHibQ #Sustainability #ESG #ClimateChange #GHGEmissions #CorporateResponsibility #SustainableBusiness #IFRS #ISSB #ClimateTransition #GreenEconomy

As London Climate Action Week gets underway, the IFRS Foundation's International Sustainability Standards Board (#ISSB) have announced a series of moves aimed at harmonising sustainability reporting requirements for companies, with a focus on areas including disclosure of corporate climate transition plans and the measurement of greenhouse gas (#GHG) emissions across the value chain. Under the new initiative, forming part of the ISSB’s new two-year work plan, the ISSB announced that the IFRS Foundation will assume responsibility for the Transition Task Force disclosure framework, and that it has signed an agreement with the Greenhouse Gas Protocol (GHG Protocol) aimed at ensuring compatibility between the organisations’ GHG reporting standards. Read more: https://lnkd.in/emWY3F_v For more information on how ESG Book's market leading disclosure platform can support your reporting requirements, visit: www.esgbook.com #LCAW2024 #ClimateDisclosure #ESGReporting