LSEG welcomes the International Sustainability Standards Board celebrating the launch of the ISSB’s inaugural sustainability disclosure standards
Emmanuel Faber, Chair of the International Sustainability Standards Board (ISSB), gave a speech at the London Stock Exchange today to mark the launch of the ISSB’s inaugural sustainability disclosure standards.
The ISSB’s two new standards—IFRS S1 and IFRS S2—usher in a new era of sustainability-related disclosures in capital markets worldwide. The standards will help to improve trust and confidence in company disclosures about sustainability to inform investment decisions.
And for the first time, the standards create a common language for disclosing the effect of climate-related risks and opportunities on a company's prospects.
The launch of the standards is marked by a week of events hosted by stock exchanges around the world. In addition to the London Stock Exchange event, events take place in Frankfurt, Johannesburg, Lagos, New York, Santiago de Chile and Singapore.
ISSB Chair, Emmanuel Faber said:
“Today represents the outcome of more than 18 months of intense work to deliver an inaugural set of sustainability disclosure standards for the global capital markets. The ISSB Standards have been designed to help companies tell their sustainability story in a robust, comparable and verifiable manner. We have consulted closely with the market to ensure the Standards are proportionate and will result in disclosures that are relevant for investment decision-making.
We know that better information leads to better economic decisions. Today’s publication is just the starting point as we consult on our future priorities, beyond climate.’
Further information about the ISSB and its standards can be found on the IFRS Foundation’s website.
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