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The agreement reflects the importance of ensuring compatibility and interconnectedness of investor-focused baseline sustainability information that meets the needs of the capital markets, with information intended to serve the needs of a broader range of stakeholders.
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 GHG Protocol aimed at ensuring compatibility between the organizations’ GHG reporting standards.
In response to the growing sense of "survey fatigue" from companies who are reporting to many reporting agencies, governments and reporting organizations are seeking to standardize what, where, and how companies report ESG information.
Launched in November 2021 at the COP26 climate conference, the ISSB aims to develop IFRS Sustainability Disclosure Standards, in order to provide a global baseline of disclosure requirements that can be used by jurisdictions on a standalone basis or incorporated into broader reporting frameworks.
Globally applicable standa rd s will open “new horizons” for identifying sustainability risks and opportunities to inform long-term investment decisions , say market participants. This will ensure a global baseline and allow the ISSB standards to be applicable to any accounting framework, she said.
Even after the 26th United Nations Climate Change Conference of the Parties (COP26) came to a close last November, the ESG landscape still remains unclear. Other forward-looking information: This includes sustainability targets and their current progress. Net sales of more than 40 million euros ($45.2 More than 250 employees.
In a statement, the IFRS Foundation said its trustees and the VRF board confirmed their approval of a plan to consolidate the two foundations, a move that was first announced at COP26 in Glasgow in November 2021 as the International Sustainability Standards Board (ISSB) was launched.
Launched in November 2021 at COP26, the ISSB aims to provide a baseline for corporate sustainability disclosures that are compatible with jurisdiction-specific requirements, giving investors access to consistent and comparable decision-useful information globally. Connecting two pillars .
In addition to Competent Boards, Helle has a few other brainchildren, including the world's first green account, the first integratedreport, the first holistic supply chain program and many innovative business solutions, and latest The Future Boardroom.
Finally, we had the Conference of the parties COP26, where countries and businesses increased their climate ambition. The monetization of externalities informs the management in a language they speak. The rise in ESG investment has increased investors’ demand for quality and comprehensive non-financial information disclosures.
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