International Sustainability Standards Board (ISSB)
"When the ISSB released IFRS S1 and S2, companies across Europe and Asia began preparing to disclose how climate risks and other sustainability factors could materially affect their business operations and financial results."
Definition
The ISSB (International Sustainability Standards Board) is a standard-setting body under the IFRS Foundation that develops globally consistent sustainability disclosure standards. The ISSB focuses on sustainability information that affects enterprise value and has issued two core standards: IFRS S1 for general sustainability-related financial disclosures and IFRS S2 for climate-related disclosures.
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