While much work has been done on the road toward a global baseline of investor-focused sustainability disclosures, the journey continues. Consolidation of various frameworks and guidance under the ISSB was a critical step toward helping companies communicate efficiently and effectively about sustainability-related risks and opportunities. In June 2023, the ISSB issued its inaugural global IFRS Sustainability Disclosure Standards, IFRS S1 and IFRS S2, which build upon the SASB Standards, Integrated Reporting Framework and CDSB Framework and incorporate the recommendations of the Task Force on C ..read more

The International Sustainability Standards Board (ISSB)’s inaugural standards—IFRS S1 and IFRS S2—mark the beginning of a new era of sustainability-related disclosures in capital markets worldwide. The ISSB Standards will help to improve trust and confidence in company disclosures about sustainability to inform investment decisions. And for the first time, these Standards create a common language for disclosing the effect of climate-related risks and opportunities on a company’s prospects. The ISSB Standards were issued on 26 June, officially launched by ISSB Chair Emmanuel Faber at the IFRS F ..read more

On 17 February, more than 1,000 people from 45 countries convened in Montreal and online to discuss what’s next for investor-focused sustainability disclosure. Onsite in Montreal, the room was abuzz as businesses, investors, policymakers, regulators and other stakeholders engaged in meaningful discussion about the forthcoming standards from the ISSB. Read on for six key takeaways from the day’s sessions. 1. ISSB Standards are nearing issuance The day before the Symposium, the ISSB held a public meeting to make final decisions on the technical content of its first two standards, S1 (General Req ..read more

The ISSB set a clear path for the SASB Standards when it launched draft IFRS Sustainability Disclosure Standards, explaining how initially the industry-based SASB Standards can help companies identify their sustainability risks and opportunities along with metrics to use in their disclosures. The SASB Standards provide disclosures across a range of sustainability matters and, over time, will inform the industry-based requirements in the IFRS Sustainability Disclosure Standards. As such, report preparers will benefit from starting now, using the SASB Standards to meet the immediate needs of inv ..read more

1 August 2022 Dear Stakeholders, We’ve arrived at a remarkable milestone, the consolidation of the Value Reporting Foundation — home to the SASB Standards, Integrated Reporting Framework, and Integrated Thinking Principles — into the IFRS Foundation, effective August 1. The SASB Standards, Integrated Reporting Framework, and Integrated Thinking Principles will now be maintained by the IFRS Foundation. As I reflect on this milestone, I scoured the early archives of the IIRC and SASB to reflect on the significance of this moment. A decade ago, these two start-ups launched an ocean and a continen ..read more

For years, businesses and investors have called for a simplified sustainability disclosure landscape. In response to this market demand, in November 2021 the IFRS Foundation Trustees announced the formation of the International Sustainability Standards Board (ISSB) to develop—in the public interest—a global baseline of high-quality sustainability disclosure standards to meet investors’ information needs. In establishing the ISSB, the Trustees emphasized the importance of building on existing sustainability disclosure standards. To help accomplish this, the IFRS Foundation consolidated leading ..read more

This summer, the Value Reporting Foundation – home to the Integrated Thinking Principles, Integrated Reporting Framework and the SASB Standards – will consolidate under the IFRS Foundation, which established the new International Sustainability Standards Board (ISSB). What does this mean for the SASB Standards and the businesses that use them? Learn more in this short video. Curious about the future of the Integrated Reporting Framework? Click here. The post What’s the future of SASB Standards under the ISSB? appeared first on SASB ..read more

Schnitzer Steel Industries, Inc. (NASDAQ: SCHN) is one of the largest manufacturers and exporters of recycled metal products in North America. The company, founded in 1906, recently joined the SASB Alliance and celebrated its seventh straight year as one of the World’s Most Ethical Companies according to The Ethisphere® Institute. We connected with Robert Ellsworth, Director of Sustainability, to discuss a unique approach to managing ESG risks and opportunities on the heels of Schnitzer’s 2021 sustainability report. Why did you decide to use SASB Standards to communicate with investors? Sustai ..read more

DS Smith is a leading supplier of sustainable packaging solutions, paper products and recycling services worldwide. Its story can be traced back to the box-making business started by the Smith Family in East London in the 1940s. Today, it is a large, global company listed on the London Stock Exchange. True to its Purpose, “Redefining Packaging for a Changing World”, DS Smith is championing the transition to the circular economy with a circular business model that involves collecting used paper that is turned into recycled packaging and then collected to start the loop again. DS Smith Sustainab ..read more

The SASB Standards will support companies implementing S1: General Requirements for Disclosure of Sustainability-related Financial Information. As we discussed in our recent update on the role of the SASB Standards within the ISSB Standards, companies applying S1 will consider the industry-based SASB Standards for topics beyond climate, to help them identify their sustainability-related risks and opportunities and provide appropriate disclosures. The ISSB is committed to maintaining and enhancing the SASB Standards. The international applicability project is an important example of this, to de ..read more