wef_ibc_issb_statement_2023-a3dd94941d4b693a.pdf

The World Economic Forum's International Business Council welcomes the publication of IFRS S1 and IFRS S2, arguing that a global baseline of sustainability information is essential for capital markets. The Council warns that regulatory fragmentation across different jurisdictions creates compliance burdens and diverts resources from climate objectives, urging regulators to prioritize interoperability between the ISSB standards and local requirements.

• The publication of IFRS S1 and IFRS S2 by the International Sustainability Standards Board (ISSB) is viewed as a major step toward a global baseline of comparable sustainability information for stakeholders and capital markets.
• Regulatory fragmentation resulting from jurisdictions establishing independent sustainability disclosure standards creates barriers to consistency and increases compliance complexity, which can hinder the achievement of long-term sustainable development and climate goals.
• The International Business Council intends to use its expert network and a Memorandum of Understanding (MoU) with the ISSB to provide practitioner knowledge for a capacity-building library to help companies manage sustainability risks.

APA

World Economic Forum (2023). wef_ibc_issb_statement_2023-a3dd94941d4b693a.pdf. https://www3.weforum.org/docs/WEF_IBC_ISSB_Statement_2023.pdf

Chicago

World Economic Forum. wef_ibc_issb_statement_2023-a3dd94941d4b693a.pdf. 2023. https://www3.weforum.org/docs/WEF_IBC_ISSB_Statement_2023.pdf.

Wikipedia

{{cite press release |author=World Economic Forum |title=wef_ibc_issb_statement_2023-a3dd94941d4b693a.pdf |date=12 July 2023 |url=https://www3.weforum.org/docs/WEF_IBC_ISSB_Statement_2023.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{worldeconomicforum2023wefibcissbstatement2023a3dd94941d4b693apdf, author = {{World Economic Forum}}, title = {{wef\_ibc\_issb\_statement\_2023-a3dd94941d4b693a.pdf}}, publisher = {World Economic Forum}, year = {2023}, month = jul, url = {https://www3.weforum.org/docs/WEF_IBC_ISSB_Statement_2023.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }