Preview available of Inaugural Jurisdictional Guide for ISSB Standard adoption

Posted on March 3, 2024 by Editor

In the ongoing pursuit of globally comparable information for capital markets, the IFRS Foundation recently releases the Inaugural “Jurisdictional Guide for the adoption or other use of ISSB Standards (Preview)”.

Building upon groundwork laid by the “The jurisdictional journey towards implementing IFRS S1 and IFRS S2—Adoption Guide overview,” published in July 2023, the guide aims to provide clarity and guidance to jurisdictions as they navigate the complexities of integrating ISSB Standards into their regulatory frameworks.

The guide underscores the importance of promoting consistent and comparable climate and sustainability-related disclosures for capital markets. It outlines various approaches that jurisdictions may take to adopt or otherwise use ISSB Standards, emphasising the need for alignment with IFRS S1 and IFRS S2.

The guide is primarily designed to support jurisdictions in designing and planning their journey towards the adoption or other use of ISSB Standards, and to document progress towards providing comparable sustainability-related information.

Looking ahead, the IFRS Foundation plans to finalise the Guide in the first half of 2024. This comprehensive guide will serve as a foundational resource for jurisdictions seeking to enhance their sustainability-related disclosure frameworks.

The IFRS Foundation intends to develop high-level jurisdictional profiles, providing insights into the status and progress of sustainability-related disclosure requirements in individual jurisdictions. These profiles will offer stakeholders a deeper understanding of jurisdictional approaches and their implications for global consistency and comparability.

Read the preview guide here.

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