Market participants have welcomed the first proposed sustainability disclosure standards from the International Sustainability Standards Board.
ISSB was established at COP26 to develop a comprehensive global baseline of sustainability disclosures for capital markets and has launched a consultation on its first two proposed standards. One sets out general sustainability-related disclosure requirements and the other specifies climate-related disclosure requirements.
https://twitter.com/BloombergLive/status/1509578643986657288
The proposals build upon the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD) and incorporate industry-based disclosure requirements derived from SASB Standards.
https://twitter.com/IFRSFoundation/status/1509529082416955402
The CFA Institute, a global association of investment professionals, highlighted that the US Securities and Exchange Commission has also proposed climate-related disclosures:
https://twitter.com/MarketIntegrity/status/1509527517757153281
Mindy Lubber, chief executive of Ceres, a sustainability non-profit working with investors and companies:
https://twitter.com/MindyLubber/status/1509610452422213636
International Organization of Securities Commissions:
https://twitter.com/IOSCOPress/status/1509501060586651654
AFME, which advocates for European financial markets:
https://twitter.com/AFME_EU/status/1509469008734601221
Mark Carney, UN Special Envoy on Climate Action and Finance:
https://twitter.com/MarkJCarney/status/1509547952485941250
