WSBI-ESBG’s Post

Harmonizing Sustainability Reporting: A New Era for Corporate Disclosures Exciting news from the IFRS Foundation’s International Sustainability Standards Board (ISSB)! Today, the ISSB announced significant steps to streamline sustainability reporting, focusing on corporate climate transition plans and value chain GHG emissions measurement. Key highlights: - Transition Task Force: IFRS Foundation will assume responsibility for the Transition Task Force disclosure framework. - GHG Protocol Agreement: Ensuring compatibility between ISSB’s and GHG Protocol’s reporting standards. Launched at COP26 in November 2021, the ISSB aims to provide a global baseline for sustainability disclosures, reducing the complexity of multiple initiatives and fostering consistent understanding of sustainability risks and opportunities. Notable milestones: - Consolidation: Bringing together the Climate Disclosure Standards Board (CDSB), International Integrated Reporting Council (IIRC), and Sustainability Accounting Standards Board (SASB). - IFRS S1 and S2 Standards: Inaugural general sustainability and climate reporting standards. - Transition Plan Taskforce: Framework for companies to report on climate transition plans. ISSB Chair Emmanuel Faber emphasized the importance of this collaboration for an effective sustainability disclosure system in capital markets. 🌿 What’s Next? The ISSB's two-year work plan will prioritize connectivity between sustainability and financial disclosure standards, interoperability with other standards, and support for IFRS S1 and S2 implementation. This move is a monumental step towards standardized, transparent sustainability reporting, aiding companies globally in their journey towards a sustainable future. #Sustainability #CorporateReporting #ClimateAction #GHGEmissions #IFRS #ISSB #SustainabilityStandards #ClimateTransition #ESG #SustainableFinance #CorporateGovernance

We are constantly updating our brand new #sustainabilityreporting guide! These are exciting times, we have our IFRS Manual for many-many years, but with the recent boom of sustainability reporting requirements, now we are creating a second manual.. A compendium of the disclosure requirements under the primary global sustainability reporting frameworks of CSRD, ISSB and SEC – with insights, application guidance and illustrative examples from our global sustainability reporting specialists. Read the new chapters on Viewpoint: https://pwc.to/3Ai40XB #SustainabilityReporting #CSRD #ISSB

👉🌱 Out now: ISR Bulletin 2024/06 30 June 2024 Sustainability Reporting Update The update provides an overview of sustainability reporting, focusing on the recent developments related to the International Sustainability Standards Board's (ISSB) IFRS® Sustainability Disclosure Standards - IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information (IFRS S1) and IFRS S2 Climate-related Disclosures (IFRS S2) - released on 26 June 2023, the European Sustainability Reporting Standards (ESRS) adopted by the European Commission on 31 July 2023, and other relevant organisations. 👀💻 Click below to read the full publication! 👉 #BDOLuxembourg #SustainabilityReporting #SustainabilityDisclosureStandards #FinancialInformation

💡 Useful info for companies looking at complying with both the ESRS and ISSB sustainability reporting standards. The IFRS Foundation and the European Financial Reporting Advisory Group (EFRAG) announced today the publication of the ESRS-ISSB standards interoperability guidance, a new document aimed at illustrating the high level of alignment between the respective sustainability reporting standards. The guidance also includes support for companies looking to comply with both sets of sustainability reporting standards. According to the organizations, the new guidance aims to reduce complexity, fragmentation and duplication for companies applying both sets of standards, and to enable companies to “collect, govern and control decision-useful data once.” The document includes a description of the alignment of general requirements from the standards on key concepts such as materiality, presentation and disclosures for sustainability topics other than climate. ➡ Link to the full article: https://lnkd.in/eKvrckfd ➡ Link to the guidance document: https://lnkd.in/egfePYBx #csrd #environmentalreporting #esrs #issb #climatereporting

The IPSASB continues the development of a Climate-related Disclosures standard for the public sector.. The IPSASB continues their discussion on the draft Climate-related Disclosures standard. The draft standard includes some principles from the IFRS Sustainability Standards as well as the Global Reporting Initiative (GRI) Standards. Lets read more here:https://buff.ly/3TLXQ83

🌍 Exciting Developments in Sustainability Reporting! 🌍 🔗 https://lnkd.in/dp7bC8xH We're thrilled to share insights on the newly issued guidance on interoperability between ISSB Standards and ESRS. This significant advancement aims to harmonize global and European sustainability disclosure standards, especially around climate-related disclosures. This guidance provides a practical toolkit for entities striving to meet both IFRS Sustainability Disclosure Standards and European Sustainability Reporting Standards. It's a game-changer for enhancing clarity and reducing reporting complexity across borders. Key takeaways include: - Streamlined sustainability reporting processes - Enhanced data management for better decision-making - Stronger stakeholder confidence through transparent reporting Let’s drive meaningful change in how we report sustainability to create a more transparent and accountable future. Dive into the details and discover how these standards are shaping the landscape of global sustainability practices. #Sustainability #ESGReporting #ISSB #EFRAG #SustainabilityStandards #ClimateAction #CorporateResponsibility #ESRS #IFRS

IFRS Says Over Half of Global Economy Moving Towards Coverage by ISSB Sustainability Reporting Standards The IFRS Foundation unveiled significant progress towards the establishment of a consistent global baseline for a corporate sustainability reporting system, revealing today that jurisdictions representing more than half of the global economy have announced steps to use or align with the International Sustainability Standards Board’s (ISSB) disclosure standards. Read more: https://lnkd.in/dZbpjpxK A Sustainable World is possible! 💚 Powered by Intengine #Sustainability #ASustainableWorld #Sustainabilityreporting #Sustainabilitystandards #ISSB #IFRS

In November 2023, Global Reporting Initiative (GRI) announced the launch of the Sustainability Innovation Lab (SIL) based in Singapore, in coordination with the IFRS Foundation. The SIL is bringing together global and local partners to advance capabilities for reporting using the GRI Standards and the ISSB Standards. The GRI and the IFRS Foundation have recently jointly published a new analysis and mapping resource: Interoperability considerations for GHG emissions when applying GRI Standards and ISSB Standards. Hopefully, it is useful to property owners, occupiers, and real estate professionals in Singapore and the broader APAC region by providing insights into the application of GRI and ISSB Standards. #SustainabilityInnovation #GRIStandards #ISSBStandards #SustainabilityReporting #GlobalPartnerships

The @IFRSFoundation and EFRAG have jointly published interoperability guidance on climate-related disclosures which illustrates the high level of alignment achieved between the IFRS sustainability disclosure standards and ESRS. Read @PwC’s In brief for more details: https://pwc.to/3QzVdp7 #Viewpoint #IFRS #Sustainability #ESRS #EFRAG  PwC Argentina

🌱 The International Sustainability Standards Board (ISSB) has launched the IFRS Sustainability Disclosure Taxonomy, promising enhanced clarity and efficiency in sustainability reporting. 👉 Companies can use the new International Sustainability Standards Board (ISSB) Taxonomy to ensure that their disclosures are available for digital analysis. 👉 Data providers, investors, and regulators will then be able to efficiently search, extract, and compare sustainability-related financial information. 🎯 The ISSB Chair, Emmanuel Faber, emphasised the pivotal role of the ISSB Taxonomy in enhancing market transparency and facilitating digital processing of sustainability-related financial disclosures. Stay tuned for insights in an upcoming webcast by the IFRS Foundation. Read more: https://zurl.co/1A4e #Sustainability #IFRS #Taxonomy #ESG #Reporting