ISSB issues inaugural global sustainability disclosure standards

The International Sustainability Standards Board (ISSB) has published its inaugural standards, IFRS S1 and IFRS S2, for sustainability-related disclosures in global capital markets.

IFRS S1 provides a set of disclosure requirements designed to enable companies to communicate to investors about the sustainability-related risks and opportunities they face over the short, medium and long term. IFRS S2 sets out specific climate-related disclosures and is designed to be used with IFRS S1.

Both standards are fully aligned with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD).