New global sustainability reporting requirements are out. Here’s what companies need to know

The International Sustainability Standards Board (ISSB) has released new standards to establish a global baseline for sustainability-related risk and opportunity disclosures. Backed by the G20 and other international bodies, these standards aim to unify reporting across jurisdictions, reduce duplication, and provide material information for investor decision-making. The standards consolidate existing frameworks like the TCFD and SASB and are designed to be reported alongside financial statements, with a focus on interoperability with the Global Reporting Initiative (GRI).

• The ISSB standards establish a single global baseline for companies to report sustainability-related risks and opportunities, allowing jurisdictions to add specific requirements on top of this foundation to reduce duplicate reporting for companies in multiple markets.
• The standards are designed for capital markets, requiring only material, proportionate, and useful information for investor decision-making, and are intended to be provided as part of the same reporting package as financial statements.
• The ISSB standards consolidate and build upon several existing initiatives, including the Taskforce for Climate-Related Financial Disclosures (TCFD), the Sustainability Accounting Standards Board (SASB), the Climate Disclosure Standards Board (CDSB) framework, the International Integrated Reporting Council (IIRC), and the World Economic Forum’s Stakeholder Metrics.
• To support global implementation, the ISSB is collaborating with the Global Reporting Initiative (GRI) for interoperability and has announced a capacity building partnership programme to assist both developed and emerging economies in achieving high-quality reporting.

APA

Lloyd, S. (2023). New global sustainability reporting requirements are out. Here’s what companies need to know. World Economic Forum. https://www.weforum.org/stories/nature-and-biodiversity/issb-global-sustainability-reporting-requirements-explainer/

Chicago

Lloyd, Sue. New global sustainability reporting requirements are out. Here’s what companies need to know. World Economic Forum, 2023. https://www.weforum.org/stories/nature-and-biodiversity/issb-global-sustainability-reporting-requirements-explainer/.

Wikipedia

{{cite report |last1=Lloyd |first1=Sue |title=New global sustainability reporting requirements are out. Here’s what companies need to know |publisher=World Economic Forum |date=29 August 2023 |url=https://www.weforum.org/stories/nature-and-biodiversity/issb-global-sustainability-reporting-requirements-explainer/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{lloyd2023new, author = {Lloyd, Sue}, title = {{New global sustainability reporting requirements are out. Here’s what companies need to know}}, institution = {World Economic Forum}, year = {2023}, month = aug, url = {https://www.weforum.org/stories/nature-and-biodiversity/issb-global-sustainability-reporting-requirements-explainer/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }