Building a Global Baseline: The Role of IFRS Sustainability Disclosure Standards
Cascale Alliance
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Abstract: The International Organization of Securities Commission (IOSCO) has endorsed the ISSB Standards, promoting their global adoption across regulatory frameworks. This endorsement is a critical milestone in ensuring that ISSB Standards become the global benchmark for investor-focused sustainability reporting, aligning regulatory bodies across multiple jurisdictions and fostering consistency in sustainability disclosures worldwide. In addition, the ISSB and the Global Reporting Initiative (GRI) have worked together to harmonize sustainability reporting by ensuring compatibility and reducing complexity. This collaboration enables companies to use both sets of standards seamlessly. While ISSB focuses on high-quality information for investors, GRI caters to a broader range of stakeholders, creating a complementary framework that enhances both transparency and accountability in corporate sustainability practices.