UKSIF response: International Sustainability Standards Board (ISSB) consultation on agenda priorities

Oscar Warwick Thompson
Oscar Warwick Thompson 1st September 2023

In our response, we outline our perspectives on the ISSB’s prioritisation of upcoming activities, which we believe should focus, initially, on supporting the market’s widespread adoption of the IFRS 1 and IFRS 2 as swiftly as possible across the world. Should significant progress be achieved in this respect, with countries and regulatory authorities taking steps to converge towards the ISSB’s common baseline, this will go some way to facilitate investors’ efforts to address emerging sustainability-related risks and opportunities, and help support the global transition to net-zero emissions.

Beyond delivery of the IFRS 1 and IFRS2, we recommend that the ISSB turn its attention towards new research and standard-setting projects, specifically to support the creation of new comparable and decision-useful disclosure standards for biodiversity and ecosystem services, and social issues. Given the resource constraints on the ISSB in launching new projects, we encourage the ISSB to continue to consider ways to leverage existing initiatives as much as possible as new work is undertaken.

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