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IIGCC response to ISSB’s Climate Exposure Draft

27.07.22

The International Sustainability Standards Board (ISSB) was established during COP26, with the intention of developing a high-quality, comprehensive global baseline of sustainable disclosures. The ISSB focuses on the needs of investors and financial markets, ensuring that all relevant sustainability topics are covered (environmental, social, and governance) within disclosure frameworks.

The ISSB published the first set of its draft sustainability disclosure standards for consultation in March 2022:

• Draft General Requirements for Disclosure of Sustainability-related Financial Information Standard, which require companies to disclose information that enables investors to assess the effect of significant sustainability-related risks and opportunities on its enterprise value (Exposure Draft IFRS S1); and
• Draft Climate-related Disclosures Standard (Exposure Draft IFRS S2, or ‘Climate Exposure Draft’).

IIGCC submitted a response to the ISSB’s proposed Climate Exposure Draft on 26 July 2022. Download the full response below.

In addition, IIGCC hosted a webinar with the ISSB on 12  July 2022, exploring the Climate Exposure Draft and the key implications for investors. The webinar provided members with an opportunity to learn more about the disclosure standards, alongside a summary of IIGCC’s emerging consultation recommendations and a Q&A session with the panellists. IIGCC members can read a summary of the event here, and access the webinar recording here.

The ISSB intends to finalise the two standards by the end of the year.

Disclaimer: This material was developed in collaboration with a number of IIGCC members but does not necessarily represent the views of the entire membership, either individually or collectively

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