ISSB launches long-awaited sustainability accounting standards in world first

'Frontier-crossing' release

In a "frontier-crossing" release this morning (26 June), the International Sustainability Standards Board (ISSB) has launched its long-awaited set of global sustainability-related disclosure standards for capital markets.

The International Financial Reporting Standards Sustainability Disclosure Standards, S1 and S2 (IFRS S1 and S2), are designed to enable sustainability-related reporting to be used alongside annual statements and accounts at a global level, for the first time.   Speaking at the release of the standards this morning, Sue Lloyd, vice-chair of ISSB, described the release as a response to the "resounding request from the market to bring an end to the alphabet soup" of current reporting systems. As a result, both S1 and S2 are designed to enable TCFD compliance and are fully compatible with...