Jurisdictional Roadmap Development Tool
International Financial Regulations Standard Foundation
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Abstract: Purpose of the document :A growing number of jurisdictions are moving ahead with or considering measures to ensure global comparability in companies? climate and other sustainability-related financial disclosures through the adoption or other use of ISSB Standards. The IFRS Foundation is committed to continuing to support regulators and other relevant authorities as they embark on this journey. In the Regulatory Implementation Programme Outline (Outline) published in May 2024, the IFRS Foundation described the four key elements of support it intends to offer through the Regulatory Implementation Programme: the Inaugural Jurisdictional Guide for the adoption or other use of ISSB Standards (Jurisdictional Guide); the adoption toolkit; educational material and e-learning; and partner support. The IFRS Foundation published the Jurisdictional Guide in May 2024, together with the Outline, to assist jurisdictions as they design and plan their approaches towards adoption or other use of ISSB Standards. Both documents recognise that the decision to adopt or otherwise use the ISSB Standards is a sovereign one, and that each jurisdiction can and should make this choice based on its own circumstances. Together, however, the two documents explain important considerations and outline the benefits of the ISSB Standards as a global baseline for sustainability-related financial disclosures. These documents encourage jurisdictions to adopt or otherwise use ISSB Standards in a way that promotes comparable information for investors on climate and other sustainability-related risks and opportunities and mitigates the risks of regulatory fragmentation in disclosure requirements. The Jurisdictional Guide explains that the IFRS Foundation will publish jurisdictional profiles to support transparency for capital markets and other stakeholders on jurisdictional progress towards the global baseline. This document focuses on two components of the adoption toolkit: the roadmap development tool and accompanying reference roadmap templates. The objective of the roadmap development tool is to help jurisdictions navigate the main considerations and decision points that are likely to arise as they develop a detailed project plan for adopting or otherwise using ISSB Standards?often referred to as a roadmap.