UKSIF comment on ISSB’s sustainability reporting standards
A comment from UKSIF’s CEO, James Alexander, in response to today’s publication by the International Sustainability Standards Board (ISSB) on its finalised reporting standards.
“We strongly welcome the ISSB’s final reporting standards, which will help to deliver the coherent, global baseline of sustainability disclosures sought by our members. As a global leader on climate-related disclosure, the full, swift adoption by the UK government of the ISSB’s standards represents a natural, next step in the UK’s climate leadership.
The government should now consult with the market, as soon as possible, on the full implementation of the ISSB’s standards across the economy. We look forward to engaging with the government to finalise an implementation timeline, as well as navigating the standards’ interaction with the UK’s upcoming economy-wide Sustainable Disclosure Requirements (SDRs) and other rules.”—James Alexander, Chief Executive, UK Sustainable Investment and Finance Association (UKSIF)
Following today’s publication, the International Organization of Securities Commissions (IOSCO) will undertake an assessment on whether to endorse these standards. The endorsement decision from IOSCO should pave the way, we hope, for adoption of the ISSB’s reporting standards across different jurisdictions, including in the UK.