ISSB Update

The International Sustainability Standards Board (ISSB) has made significant strides in sustainability reporting, consolidating investor-oriented standards like SASB and TCFD into IFRS. ISSB collaborates with organizations like GRI and EFRAG to harmonize sustainability and impact reporting, focusing on climate, biodiversity, and human capital. The board is pushing for global adoption of its standards, with 50% of global GDP on track to implement them. Key efforts include capacity building, industry standards, and gradual development of new sustainability topics.