ISSB delivers first two proposed standards

May 2022

The International Sustainability Standards Board (ISSB) has launched a consultation on its first two proposed standards. One sets out general sustainability-related disclosure requirements and the other specifies climate-disclosure requirements.


The two new proposed standards aim to address the urgency of the climate crisis and chart a course for companies and policymakers to transition to ISSB Sustainability Disclosure Standards.


The ISSB is also working closely with other international organisations and jurisdictions to support the inclusion of the global baseline into jurisdictional requirements.


The proposals have been developed in response to requests from G20 leaders, the International Organization of Securities Commissions (IOSCO) and others for enhanced information from companies on sustainability-related risks and opportunities. The proposals set out requirements for the disclosure of material information about a company’s significant sustainability-related risks and opportunities that is necessary for investors to assess a company’s enterprise value. ISSB chair Emmanuel Faber (pictured) said: “Rarely do governments, policymakers and the private sector align behind a common cause. However, all agree on the importance of high-quality, globally comparable sustainability information for the capital markets.


These proposals define what information to disclose, and where and how to disclose it. Now is the time to get involved and comment on the proposals.”